Zweig DiMenna Associates LLC grew its position in Alibaba Group Holding Ltd (NYSE:BABA) by 60.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,707 shares of the specialty retailer’s stock after acquiring an additional 49,747 shares during the quarter. Alibaba Group comprises approximately 2.7% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 7th biggest position. Zweig DiMenna Associates LLC’s holdings in Alibaba Group were worth $24,212,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norway Savings Bank boosted its holdings in shares of Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 160 shares during the period. Archford Capital Strategies LLC raised its stake in shares of Alibaba Group by 80.4% during the fourth quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Sontag Advisory LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth approximately $27,000. Cribstone Capital Management LLC purchased a new stake in shares of Alibaba Group during the first quarter worth approximately $27,000. Finally, Capital Financial Planning LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth approximately $29,000. 40.58% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on BABA. Morgan Stanley set a $196.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Stifel Nicolaus restated a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research note on Friday. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. SunTrust Banks restated a “buy” rating and set a $200.00 price target on shares of Alibaba Group in a research note on Wednesday, May 15th. Finally, Barclays upped their price target on Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $216.85.
NYSE:BABA traded down $1.00 during trading hours on Friday, hitting $155.00. The company’s stock had a trading volume of 21,286,129 shares, compared to its average volume of 18,862,390. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The stock has a market capitalization of $418.57 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 1.19 and a beta of 2.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.30.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The business had revenue of $93.50 billion during the quarter, compared to analysts’ expectations of $91.68 billion. During the same quarter last year, the business posted $5.73 earnings per share. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. On average, analysts predict that Alibaba Group Holding Ltd will post 5.1 EPS for the current 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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