Ingalls & Snyder LLC Buys 2,698 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Ingalls & Snyder LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,893 shares of the specialty retailer’s stock after buying an additional 2,698 shares during the period. Ingalls & Snyder LLC’s holdings in Alibaba Group were worth $4,264,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Widmann Financial Services Inc. bought a new position in Alibaba Group during the 4th quarter valued at approximately $27,000. Consolidated Planning Corp purchased a new stake in Alibaba Group during the 3rd quarter valued at $30,000. Addison Advisors LLC boosted its stake in Alibaba Group by 50.0% during the 4th quarter. Addison Advisors LLC now owns 255 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Steward Financial Group LLC purchased a new stake in Alibaba Group during the 4th quarter valued at $30,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in Alibaba Group during the 4th quarter valued at $31,000. 17.39% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on BABA. HSBC dropped their price target on Alibaba Group from $168.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, April 8th. Citigroup dropped their price target on Alibaba Group from $200.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday, April 6th. Benchmark dropped their price target on Alibaba Group from $235.00 to $220.00 in a research note on Thursday, April 7th. Raymond James dropped their price target on Alibaba Group from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 19th. Finally, JPMorgan Chase & Co. upgraded Alibaba Group from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $130.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $189.08.

Shares of NYSE BABA traded up $5.51 during trading hours on Tuesday, reaching $91.99. The stock had a trading volume of 27,281,566 shares, compared to its average volume of 29,923,176. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.12. The firm has a market cap of $249.38 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.44 and a beta of 0.91. The business’s fifty day moving average price is $98.31 and its two-hundred day moving average price is $117.40. Alibaba Group Holding Limited has a 52-week low of $73.28 and a 52-week high of $230.89.

Alibaba Group (NYSE:BABAGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.32. The company had revenue of $242.58 billion during the quarter, compared to the consensus estimate of $245.79 billion. Alibaba Group had a net margin of 7.86% and a return on equity of 10.84%. Alibaba Group’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.98 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Limited will post 6.47 earnings per share for the current fiscal year.

Alibaba Group Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers 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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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