Leavell Investment Management Inc. Raises Holdings in Alibaba Group Holding Ltd (BABA)

Leavell Investment Management Inc. grew its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 11.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,351 shares of the specialty retailer’s stock after purchasing an additional 334 shares during the quarter. Leavell Investment Management Inc.’s holdings in Alibaba Group were worth $611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BABA. Norway Savings Bank grew its position 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 last quarter. Archford Capital Strategies LLC grew its position 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 last quarter. Sontag Advisory LLC purchased a new stake in Alibaba Group during the 4th quarter valued at about $27,000. Cribstone Capital Management LLC purchased a new stake in Alibaba Group during the 1st quarter valued at about $27,000. Finally, Capital Financial Planning LLC purchased a new stake in Alibaba Group during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 40.27% of the company’s stock.

Shares of NYSE BABA opened at $185.78 on Wednesday. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $468.87 billion, a PE ratio of 46.10, a P/E/G ratio of 1.57 and a beta of 2.30.

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

BABA has been the topic of several recent analyst reports. ValuEngine downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Macquarie set a $220.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, January 8th. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Alibaba Group in a research report on Monday, January 14th. Finally, HSBC increased their price objective on shares of Alibaba Group from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 14th. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $211.54.

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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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