Global Financial Private Capital LLC Takes Position in Alibaba Group Holding Ltd (NYSE:BABA)

Global Financial Private Capital LLC purchased a new stake in Alibaba Group Holding Ltd (NYSE:BABA) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,220 shares of the specialty retailer’s stock, valued at approximately $223,000.

Other institutional investors also recently added to or reduced their stakes in the company. Successful Portfolios LLC boosted its holdings in Alibaba Group by 3.8% during the first quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock worth $277,000 after purchasing an additional 55 shares during the last quarter. Cypress Wealth Services LLC lifted its stake in Alibaba Group by 3.8% in the first quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 56 shares during the last quarter. Regentatlantic Capital LLC lifted its stake in Alibaba Group by 2.4% in the first quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock valued at $474,000 after acquiring an additional 61 shares during the last quarter. LFA Lugano Financial Advisors SA lifted its stake in Alibaba Group by 25.9% in the first quarter. LFA Lugano Financial Advisors SA now owns 340 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 70 shares during the last quarter. Finally, Mission Wealth Management LP lifted its stake in Alibaba Group by 4.6% in the fourth quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock valued at $226,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 40.68% of the company’s stock.

BABA has been the topic of several research analyst reports. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Raymond James dropped their price objective on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. TH Capital increased their price objective on shares of Alibaba Group from $180.00 to $220.00 in a research report on Monday, May 13th. Robert W. Baird increased their price objective on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Finally, Stifel Nicolaus raised their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $217.30.

Alibaba Group stock traded up $5.60 during mid-day trading on Monday, hitting $175.05. 25,842,575 shares of the stock were exchanged, compared to its average volume of 16,386,906. The firm’s fifty day moving average price is $161.65. The firm has a market capitalization of $433.99 billion, a PE ratio of 48.76, a price-to-earnings-growth ratio of 1.24 and a beta of 2.30. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $198.35.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. Alibaba Group’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.73 EPS. On average, analysts forecast that Alibaba Group Holding Ltd will post 5.1 earnings per share for the current year.

About Alibaba Group

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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