IFP Advisors Inc Increases Position in Alibaba Group Holding Ltd (BABA)

IFP Advisors Inc boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 12.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 43,002 shares of the specialty retailer’s stock after buying an additional 4,634 shares during the period. IFP Advisors Inc’s holdings in Alibaba Group were worth $7,893,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MUFG Americas Holdings Corp acquired a new position in Alibaba Group in the 4th quarter valued at about $101,000. Avestar Capital LLC acquired a new position in Alibaba Group in the 4th quarter valued at about $102,000. Riverhead Capital Management LLC acquired a new position in Alibaba Group in the 1st quarter valued at about $110,000. Lenox Wealth Advisors Inc. grew its stake in Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 580 shares during the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in Alibaba Group in the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 37.80% of the company’s stock.

BABA has been the topic of a number of research reports. Oppenheimer reiterated a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research note on Wednesday, January 24th. Vetr lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 price target on the stock. in a research note on Tuesday, January 23rd. MKM Partners upped their price target on shares of Alibaba Group to $260.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus upped their price target on shares of Alibaba Group from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America reissued a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group in a report on Thursday, February 1st. One equities research 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $216.64.

Shares of Alibaba Group opened at $195.87 on Wednesday, Marketbeat reports. Alibaba Group Holding Ltd has a 1-year low of $121.95 and a 1-year high of $206.20. The company has a quick ratio of 1.97, a current ratio of 1.89 and a debt-to-equity ratio of 0.27. The company has a market cap of $506.19 billion, a PE ratio of 48.60, a PEG ratio of 1.23 and a beta of 2.52.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The company had revenue of $9.87 billion for 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 quarter in the prior year, the company earned $0.63 earnings per share. research analysts forecast that Alibaba Group Holding Ltd will post 5.38 earnings per share 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.

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

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