Barrett Asset Management LLC Grows Stake in Alibaba Group Holding Ltd (NYSE:BABA)

Barrett Asset Management LLC raised its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,865 shares of the specialty retailer’s stock after buying an additional 4,415 shares during the quarter. Barrett Asset Management LLC’s holdings in Alibaba Group were worth $10,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Alibaba Group by 5.9% in the 1st quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock valued at $13,082,292,000 after acquiring an additional 3,969,960 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Alibaba Group by 3.6% in the 1st quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock valued at $8,945,169,000 after acquiring an additional 1,716,763 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Alibaba Group by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after acquiring an additional 849,659 shares during the last quarter. Norges Bank bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $1,734,020,000. Finally, Bank of America Corp DE lifted its stake in shares of Alibaba Group by 5.4% in the 4th quarter. Bank of America Corp DE now owns 11,750,523 shares of the specialty retailer’s stock valued at $1,610,644,000 after acquiring an additional 600,059 shares during the last quarter. Institutional investors and hedge funds own 40.68% of the company’s stock.

Shares of NYSE:BABA traded up $5.60 during trading on Monday, hitting $175.05. The stock had a trading volume of 25,842,575 shares, compared to its average volume of 16,386,906. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $198.35. The company has a market cap of $433.99 billion, a P/E ratio of 48.76, a PEG ratio of 1.24 and a beta of 2.30. The company has a fifty day moving average of $161.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. During the same quarter in the prior year, the company earned $5.73 EPS. The business’s revenue was up 51.0% compared to the same quarter last year. As a group, equities analysts expect that Alibaba Group Holding Ltd will post 5.1 earnings per share for the current fiscal year.

BABA has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research note on Friday, May 24th. Raymond James lowered their target price on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. Barclays boosted their target price on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Zacks Investment Research lowered Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $240.00 price target (up previously from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group has an average rating of “Buy” and a consensus target price of $217.30.

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.

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

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