Fagan Associates Inc. boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,300 shares of the specialty retailer’s stock after purchasing an additional 2,340 shares during the quarter. Alibaba Group comprises 1.6% of Fagan Associates Inc.’s portfolio, making the stock its 21st largest position. Fagan Associates Inc.’s holdings in Alibaba Group were worth $3,845,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp purchased a new stake in Alibaba Group during the fourth quarter worth approximately $101,000. First Eagle Investment Management LLC purchased a new stake in Alibaba Group during the third quarter worth approximately $104,000. Lenox Wealth Advisors Inc. grew its stake in Alibaba Group by 2,636.4% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after buying an additional 580 shares during the period. Lorber David A purchased a new stake in Alibaba Group during the third quarter worth approximately $109,000. Finally, Highlander Capital Management LLC grew its stake in Alibaba Group by 478.0% during the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock worth $150,000 after buying an additional 717 shares during the period. Hedge funds and other institutional investors own 37.88% of the company’s stock.
Several equities research analysts have issued reports on the stock. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $208.51 price objective for the company. in a research note on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $230.00 price objective (up from $205.00) on shares of Alibaba Group in a research note on Monday, February 5th. Raymond James Financial boosted their price objective on shares of Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. MKM Partners boosted their price objective on shares of Alibaba Group to $260.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. Alibaba Group currently has a consensus rating of “Buy” and an average target price of $211.14.
Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $183.68 on Friday. The stock has a market cap of $470,430.00, a price-to-earnings ratio of 45.24, a P/E/G ratio of 1.49 and a beta of 2.58. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29. Alibaba Group Holding Ltd has a twelve month low of $100.30 and a twelve month high of $206.20.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the prior year, the company earned $1.30 earnings per share. equities analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.
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About Alibaba Group
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.
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