UBP Investment Advisors SA cut its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,543 shares of the specialty retailer’s stock after selling 87 shares during the period. UBP Investment Advisors SA’s holdings in Alibaba Group were worth $464,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Klingenstein Fields & Co. LLC acquired a new stake in shares of Alibaba Group in the 1st quarter valued at about $1,434,000. YHB Investment Advisors Inc. raised its stake in shares of Alibaba Group by 5.6% in the 1st quarter. YHB Investment Advisors Inc. now owns 6,636 shares of the specialty retailer’s stock valued at $1,211,000 after purchasing an additional 350 shares during the period. Vanguard Capital Wealth Advisors raised its stake in shares of Alibaba Group by 18.2% in the 1st quarter. Vanguard Capital Wealth Advisors now owns 4,834 shares of the specialty retailer’s stock valued at $881,000 after purchasing an additional 743 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Alibaba Group by 7.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688,874 shares of the specialty retailer’s stock valued at $125,685,000 after acquiring an additional 47,030 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Alibaba Group by 77.5% in the 1st quarter. Whittier Trust Co. now owns 3,571 shares of the specialty retailer’s stock valued at $651,000 after acquiring an additional 1,559 shares in the last quarter. Institutional investors and hedge funds own 40.58% of the company’s stock.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group in a report on Friday. Barclays raised their price objective on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday. Raymond James decreased their price objective on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. Benchmark reiterated a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. Finally, Mizuho lifted their price target on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. 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 company presently has an average rating of “Buy” and a consensus price target of $216.85.
BABA traded down $1.00 during trading on Friday, hitting $155.00. 21,286,129 shares of the stock traded hands, compared to its average volume of 18,862,390. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a market cap of $418.57 billion, a P/E ratio of 43.18, a P/E/G ratio of 1.19 and a beta of 2.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.25.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the consensus estimate of $0.75 by $7.82. The business had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.73 earnings per share. On average, analysts expect that Alibaba Group Holding Ltd will post 5.1 earnings per share for the current fiscal year.
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About Alibaba Group
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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