Sowell Financial Services LLC boosted its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 39.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,768 shares of the specialty retailer’s stock after acquiring an additional 1,067 shares during the quarter. Sowell Financial Services LLC’s holdings in Alibaba Group were worth $516,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Girard Partners LTD. lifted its holdings in shares of Alibaba Group by 13.0% in the 4th quarter. Girard Partners LTD. now owns 1,258 shares of the specialty retailer’s stock worth $172,000 after buying an additional 145 shares during the period. Optimus Prime Fund Management Co. Ltd. purchased a new stake in shares of Alibaba Group in the 4th quarter worth $15,434,000. Kistler Tiffany Companies LLC lifted its holdings in shares of Alibaba Group by 10.9% in the 4th quarter. Kistler Tiffany Companies LLC now owns 5,480 shares of the specialty retailer’s stock worth $751,000 after buying an additional 538 shares during the period. Crestline Management LP purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $2,142,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Alibaba Group in the 4th quarter worth $341,000. Institutional investors own 40.25% of the company’s stock.
BABA has been the subject of several research reports. KeyCorp set a $200.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Wednesday, January 23rd. HSBC boosted their price target on Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 14th. Macquarie set a $220.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, January 8th. Mizuho reissued a “buy” rating and issued a $200.00 price target on shares of Alibaba Group in a research report on Thursday, December 13th. Finally, Citigroup reissued a “buy” rating and issued a $211.00 price target (up from $208.00) on shares of Alibaba Group in a research report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $210.33.
Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. During the same period in the prior year, the company posted $1.63 EPS. The firm’s quarterly revenue was up 41.3% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal 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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