14,555 Shares in Alibaba Group Holding Ltd (NYSE:BABA) Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC acquired a new position in Alibaba Group Holding Ltd (NYSE:BABA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,555 shares of the specialty retailer’s stock, valued at approximately $2,466,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farmers National Bank purchased a new position in Alibaba Group during the first quarter valued at approximately $25,000. Manchester Capital Management LLC lifted its holdings in Alibaba Group by 171.4% during the first quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Lee Financial Co lifted its holdings in Alibaba Group by 194.6% during the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Alibaba Group by 100.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Finally, Coastal Capital Group Inc. purchased a new position in Alibaba Group during the second quarter valued at approximately $34,000. 42.12% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on BABA shares. Loop Capital started coverage on shares of Alibaba Group in a report on Monday, June 3rd. They set a “buy” rating and a $250.00 price target on the stock. KeyCorp lifted their price target on shares of Alibaba Group from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 16th. UBS Group set a $210.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday, June 11th. Stifel Nicolaus lifted their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Macquarie set a $226.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $218.96.

BABA traded down $3.24 during trading hours on Thursday, hitting $172.00. The company’s stock had a trading volume of 7,732,755 shares, compared to its average volume of 20,440,454. The business’s 50-day moving average price is $169.90 and its 200-day moving average price is $172.88. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The stock has a market cap of $453.61 billion, a price-to-earnings ratio of 47.91, a P/E/G ratio of 1.47 and a beta of 2.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The company had revenue of $114.92 billion for the quarter, compared to analysts’ expectations of $111.65 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. Alibaba Group’s quarterly revenue was up 42.0% on a year-over-year basis. On average, analysts forecast that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current year.

About Alibaba Group

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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