Gladstone Institutional Advisory LLC Has $746,000 Stake in Alibaba Group Holding Ltd (NYSE:BABA)

Gladstone Institutional Advisory LLC cut its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,091 shares of the specialty retailer’s stock after selling 977 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Alibaba Group were worth $746,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its position in shares of Alibaba Group by 80.4% during the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. Farmers National Bank purchased a new stake in Alibaba Group during the 1st quarter worth about $25,000. Sontag Advisory LLC purchased a new stake in Alibaba Group during the 4th quarter worth about $27,000. Cribstone Capital Management LLC purchased a new stake in Alibaba Group during the 1st quarter worth about $27,000. Finally, Manchester Capital Management LLC increased its holdings in Alibaba Group by 171.4% during the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 96 shares during the period. Institutional investors own 40.68% of the company’s stock.

Alibaba Group stock traded up $5.60 during midday trading on Monday, reaching $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 twelve month low of $129.77 and a twelve month high of $198.35. The stock has a market capitalization of $433.99 billion, a PE ratio of 48.76, a PEG ratio of 1.24 and a beta of 2.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50-day moving average price of $161.65.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.73 earnings per share. Analysts predict that Alibaba Group Holding Ltd will post 5.1 EPS for the current year.

BABA has been the topic of a number of recent analyst reports. Raymond James dropped their price objective on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. Benchmark reaffirmed a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Robert W. Baird increased their price objective on Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Macquarie set a $226.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Finally, Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average 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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