Alibaba Group Holding Ltd (BABA) Position Lifted by First Bank & Trust

First Bank & Trust boosted its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,854 shares of the specialty retailer’s stock after buying an additional 118 shares during the period. First Bank & Trust’s holdings in Alibaba Group were worth $703,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cribstone Capital Management LLC acquired a new position in Alibaba Group during the first quarter valued at $27,000. Archford Capital Strategies LLC boosted its stake in Alibaba Group by 80.4% during the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Norway Savings Bank boosted its stake in Alibaba Group by 640.0% during the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 160 shares during the period. Truvestments Capital LLC bought a new stake in Alibaba Group during the 1st quarter valued at approximately $34,000. Finally, Sontag Advisory LLC bought a new stake in Alibaba Group during the 4th quarter valued at approximately $27,000. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

BABA has been the subject of a number of research reports. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Barclays raised their price objective on Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday. Robert W. Baird raised their price objective on Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Nomura reissued a “buy” rating and issued a $205.00 target price (up from $200.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, Macquarie reissued an “outperform” rating and issued a $224.00 target price (up from $220.00) on shares of Alibaba Group in a report on Thursday, January 31st. One analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $211.54.

BABA stock traded down $5.57 during midday trading on Monday, reaching $183.34. 7,316,936 shares of the company’s stock traded hands, compared to its average volume of 12,012,818. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70. The stock has a market capitalization of $473.76 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 1.29 and a beta of 2.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The firm had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. During the same period last year, the firm posted $1.63 EPS. The business’s revenue was up 41.3% on a year-over-year basis. On average, equities analysts expect that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.

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Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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