Oliver Lagore Vanvalin Investment Group Buys 8,887 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Oliver Lagore Vanvalin Investment Group grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 13,465.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,953 shares of the specialty retailer’s stock after acquiring an additional 8,887 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Alibaba Group were worth $694,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new position in shares of Alibaba Group during the first quarter valued at $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Alibaba Group during the first quarter valued at $2,452,000. Dakota Wealth Management bought a new position in shares of Alibaba Group during the first quarter valued at $390,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Alibaba Group by 11.3% during the first quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock valued at $799,000 after purchasing an additional 743 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its holdings in Alibaba Group by 46.0% in the first quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock valued at $850,000 after acquiring an additional 2,464 shares during the period. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent research reports. Mizuho reissued a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a report on Wednesday, March 27th. JPMorgan Chase & Co. lowered their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Citigroup lowered their target price on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Price Performance

Shares of NYSE:BABA traded up $0.04 during trading on Thursday, hitting $68.86. 6,381,478 shares of the company’s stock were exchanged, compared to its average volume of 18,235,268. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The business’s 50-day simple moving average is $73.24 and its 200 day simple moving average is $76.05. The company has a market cap of $174.73 billion, a price-to-earnings ratio of 12.71 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 EPS. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.76 EPS for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.