E&G Advisors LP trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.8% during the first quarter, Holdings Channel.com reports. The fund owned 2,537 shares of the specialty retailer’s stock after selling 100 shares during the period. E&G Advisors LP’s holdings in Alibaba Group were worth $575,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of BABA. Claudia M.P. Batlle CRP R LLC acquired a new position in Alibaba Group during the 3rd quarter worth about $25,000. Meeder Asset Management Inc. lifted its position in shares of Alibaba Group by 62.9% during the fourth quarter. Meeder Asset Management Inc. now owns 114 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 44 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $27,000. Planned Solutions Inc. boosted its stake in shares of Alibaba Group by 66.7% in the fourth quarter. Planned Solutions Inc. now owns 125 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 50 shares during the period. Finally, ForthRight Wealth Management LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 40.38% of the company’s stock.
Shares of Alibaba Group stock traded up $19.05 on Monday, hitting $242.36. The stock had a trading volume of 1,451,376 shares, compared to its average volume of 18,819,313. The stock has a market cap of $655.74 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 1.59 and a beta of 0.99. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 52-week low of $189.53 and a 52-week high of $319.32. The company’s 50 day moving average price is $235.92 and its 200 day moving average price is $260.78.
Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Monday, February 1st. The specialty retailer reported $22.03 EPS for the quarter, topping the consensus estimate of $2.78 by $19.25. The company had revenue of $221.08 billion for the quarter, compared to analyst estimates of $214.39 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The firm’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $18.19 earnings per share. Analysts predict that Alibaba Group Holding Limited will post 7.84 EPS for the current fiscal year.
BABA has been the subject of several recent research reports. Macquarie reissued an “outperform” rating and issued a $407.00 price target (down previously from $421.00) on shares of Alibaba Group in a research report on Thursday, April 1st. Sanford C. Bernstein assumed coverage on Alibaba Group in a report on Monday, January 25th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating and set a $239.00 price target on the stock in a report on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Alibaba Group from $360.00 to $319.00 and set a “buy” rating for the company in a research note on Tuesday, January 26th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut their target price on shares of Alibaba Group from $345.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and a consensus price target of $318.94.
Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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