Intercontinental Wealth Advisors LLC Increases Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Intercontinental Wealth Advisors LLC grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,302 shares of the specialty retailer’s stock after buying an additional 444 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Alibaba Group were worth $560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Successful Portfolios LLC boosted its position in Alibaba Group by 3.8% during the first quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock worth $277,000 after acquiring an additional 55 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in shares of Alibaba Group by 3.8% in the first quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock valued at $276,000 after purchasing an additional 56 shares in the last quarter. Regentatlantic Capital LLC grew its holdings in shares of Alibaba Group by 2.4% in the first quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock valued at $474,000 after purchasing an additional 61 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of Alibaba Group by 1.4% in the second quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock valued at $795,000 after purchasing an additional 63 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Alibaba Group by 21.9% during the 2nd quarter. Larson Financial Group LLC now owns 367 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 41.06% of the company’s stock.

BABA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Loop Capital initiated coverage on shares of Alibaba Group in a report on Monday, June 3rd. They issued a “buy” rating and a $250.00 target price for the company. Mizuho upped their target price on shares of Alibaba Group from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Barclays upped their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Benchmark reiterated a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $218.89.

Shares of BABA stock traded up $3.55 during trading hours on Friday, hitting $170.52. 6,912,868 shares of the company were exchanged, compared to its average volume of 18,624,356. The firm has a market cap of $417.36 billion, a PE ratio of 47.50, a PEG ratio of 1.47 and a beta of 2.30. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $195.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $169.38 and a 200 day moving average of $172.75.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. Analysts expect that Alibaba Group Holding Ltd will post 5.04 earnings per share for the current year.

Alibaba Group Company 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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