Banque Pictet & Cie SA Has $23.37 Million Position in Alibaba Group (BABA)

Banque Pictet & Cie SA increased its stake in Alibaba Group (NYSE:BABA) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,326 shares of the specialty retailer’s stock after buying an additional 8,368 shares during the quarter. Banque Pictet & Cie SA’s holdings in Alibaba Group were worth $23,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Vicus Capital lifted its position in shares of Alibaba Group by 11.8% during the first quarter. Vicus Capital now owns 2,465 shares of the specialty retailer’s stock worth $452,000 after purchasing an additional 260 shares during the last quarter. Osborn Williams & Donohoe LLC lifted its position in shares of Alibaba Group by 5.3% during the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock worth $952,000 after purchasing an additional 280 shares during the last quarter. North Star Asset Management Inc. lifted its position in shares of Alibaba Group by 1.3% during the fourth quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock worth $3,861,000 after purchasing an additional 284 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Alibaba Group by 7.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,086 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 290 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Alibaba Group by 13.9% during the fourth quarter. AE Wealth Management LLC now owns 2,467 shares of the specialty retailer’s stock worth $425,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

Shares of Alibaba Group opened at $195.00 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.97. The stock has a market capitalization of $502.04 billion, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 1.22 and a beta of 2.52. Alibaba Group has a fifty-two week low of $121.95 and a fifty-two week high of $206.20.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.11). The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same period in the prior year, the business posted $0.63 EPS. equities analysts anticipate that Alibaba Group will post 5.38 earnings per share for the current year.

Several equities analysts have recently commented on the company. SunTrust Banks raised their price target on Alibaba Group from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Stifel Nicolaus restated a “buy” rating and set a $230.00 price target (up previously from $210.00) on shares of Alibaba Group in a research note on Sunday, January 28th. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Monday, January 29th. KeyCorp raised their price target on Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, MKM Partners raised their price target on Alibaba Group from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $216.64.

Alibaba Group 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.

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

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