Nicolet Bankshares Inc. purchased a new position in Alibaba Group Holding Ltd (NYSE:BABA) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,581 shares of the specialty retailer’s stock, valued at approximately $288,000.
Several other large investors also recently made changes to their positions in the business. Blue Fin Capital Inc. increased its stake in Alibaba Group by 27.0% during the third quarter. Blue Fin Capital Inc. now owns 8,387 shares of the specialty retailer’s stock valued at $1,382,000 after acquiring an additional 1,783 shares during the period. Neuberger Berman Group LLC grew its position in Alibaba Group by 34.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,680,158 shares of the specialty retailer’s stock worth $441,583,000 after acquiring an additional 680,246 shares during the last quarter. Beaton Management Co. Inc. grew its position in Alibaba Group by 12.5% during the 3rd quarter. Beaton Management Co. Inc. now owns 4,955 shares of the specialty retailer’s stock worth $816,000 after acquiring an additional 550 shares during the last quarter. Nordea Investment Management AB bought a new stake in Alibaba Group during the 3rd quarter worth approximately $490,205,000. Finally, B. Riley Wealth Management Inc. acquired a new position in Alibaba Group during the 3rd quarter worth $1,669,000. 40.49% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on BABA. Argus reissued a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. Stifel Nicolaus reiterated a “buy” rating and set a $180.00 target price (up previously from $175.00) on shares of Alibaba Group in a report on Thursday, January 31st. KeyCorp set a $200.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Benchmark reiterated a “buy” rating and set a $220.00 target price (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. Finally, ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $216.85.
Shares of Alibaba Group stock traded down $4.60 on Wednesday, reaching $158.83. 24,345,031 shares of the company traded hands, compared to its average volume of 14,589,492. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $211.70. The company has a market capitalization of $434.29 billion, a P/E ratio of 44.24, a P/E/G ratio of 1.40 and a beta of 2.27. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.18.
Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The firm had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. During the same period in the prior year, the firm earned $5.73 EPS. The company’s revenue was up 51.0% compared to the same quarter last year. Equities analysts expect that Alibaba Group Holding Ltd will post 4.88 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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