Alibaba Group Holding Ltd (BABA) Holdings Increased by Whittier Trust Co.

Whittier Trust Co. grew its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 52.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,918 shares of the specialty retailer’s stock after purchasing an additional 662 shares during the period. Whittier Trust Co.’s holdings in Alibaba Group were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Gradient Investments LLC increased its stake in Alibaba Group by 19.1% in the fourth quarter. Gradient Investments LLC now owns 3,051 shares of the specialty retailer’s stock worth $526,000 after purchasing an additional 489 shares during the period. Mogy Joel R Investment Counsel Inc. increased its stake in Alibaba Group by 50.2% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 11,095 shares of the specialty retailer’s stock worth $1,913,000 after purchasing an additional 3,710 shares during the period. Flossbach Von Storch AG purchased a new stake in Alibaba Group in the fourth quarter worth $1,509,000. Groesbeck Investment Management Corp NJ increased its stake in Alibaba Group by 146.5% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 3,205 shares of the specialty retailer’s stock worth $553,000 after purchasing an additional 1,905 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Alibaba Group by 7.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 106,371 shares of the specialty retailer’s stock worth $18,341,000 after purchasing an additional 7,015 shares during the period. Institutional investors and hedge funds own 37.88% of the company’s stock.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at $186.76 on Thursday. Alibaba Group Holding Ltd has a 12-month low of $100.11 and a 12-month high of $206.20. The firm has a market capitalization of $459,086.88, a PE ratio of 48.38, a P/E/G ratio of 1.45 and a beta of 2.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the business posted $1.30 earnings per share. equities analysts expect that Alibaba Group Holding Ltd will post 4.05 EPS for the current year.

A number of research firms have weighed in on BABA. Stifel Nicolaus reiterated a “buy” rating and issued a $230.00 target price (up previously from $210.00) on shares of Alibaba Group in a research note on Sunday, January 28th. SunTrust Banks increased their target price on Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, January 29th. KeyCorp increased their price target on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Oppenheimer reissued a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $211.14.

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Alibaba Group Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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