Bollard Group LLC increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,846 shares of the specialty retailer’s stock after buying an additional 1,500 shares during the quarter. Alibaba Group accounts for 1.8% of Bollard Group LLC’s investment portfolio, making the stock its 5th largest holding. Bollard Group LLC’s holdings in Alibaba Group were worth $44,789,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. InterOcean Capital LLC purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $371,000. Moneta Group Investment Advisors LLC lifted its position in shares of Alibaba Group by 10,334.1% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 110,601 shares of the specialty retailer’s stock valued at $520,000 after buying an additional 109,541 shares during the last quarter. Palo Capital Inc. purchased a new position in shares of Alibaba Group during the 3rd quarter valued at $171,000. Bouchey Financial Group Ltd purchased a new position in shares of Alibaba Group during the 3rd quarter valued at $254,000. Finally, OppenheimerFunds Inc. lifted its position in shares of Alibaba Group by 8.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after buying an additional 1,182,927 shares during the last quarter. Institutional investors and hedge funds own 38.86% of the company’s stock.
A number of research analysts have recently commented on the company. Barclays set a $195.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Monday. Benchmark dropped their price target on Alibaba Group from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. MKM Partners dropped their price target on Alibaba Group from $270.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group dropped their price objective on Alibaba Group from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Finally, Morgan Stanley set a $196.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and an average price target of $214.55.
Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The company’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. Research analysts forecast that Alibaba Group Holding Ltd will post 3.48 EPS for the current fiscal year.
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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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