SOL Capital Management CO Purchases 50 Shares of Alibaba Group Holding Limited (NYSE:BABA)

SOL Capital Management CO increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,792 shares of the specialty retailer’s stock after buying an additional 50 shares during the quarter. SOL Capital Management CO’s holdings in Alibaba Group were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in Alibaba Group by 6.7% during the 1st quarter. State Street Corp now owns 37,975,313 shares of the specialty retailer’s stock valued at $7,385,439,000 after purchasing an additional 2,368,050 shares during the last quarter. Morgan Stanley raised its stake in Alibaba Group by 31.9% during the 1st quarter. Morgan Stanley now owns 18,356,646 shares of the specialty retailer’s stock valued at $3,569,998,000 after purchasing an additional 4,443,526 shares during the last quarter. AXA raised its stake in Alibaba Group by 1.7% during the 1st quarter. AXA now owns 1,938,635 shares of the specialty retailer’s stock valued at $377,026,000 after purchasing an additional 31,575 shares during the last quarter. Braun Stacey Associates Inc. raised its stake in Alibaba Group by 319.8% during the 1st quarter. Braun Stacey Associates Inc. now owns 9,621 shares of the specialty retailer’s stock valued at $1,871,000 after purchasing an additional 7,329 shares during the last quarter. Finally, Modus Advisors LLC raised its stake in Alibaba Group by 53.9% during the 2nd quarter. Modus Advisors LLC now owns 2,611 shares of the specialty retailer’s stock valued at $563,000 after purchasing an additional 914 shares during the last quarter. 46.02% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on BABA shares. Oppenheimer upped their target price on shares of Alibaba Group from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Monday. Benchmark increased their price objective on shares of Alibaba Group from $290.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. 140166 increased their price objective on shares of Alibaba Group from $275.00 to $350.00 in a research note on Monday, August 24th. Bank of America increased their price objective on shares of Alibaba Group from $301.00 to $317.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Citigroup restated a “buy” rating and issued a $316.00 price objective on shares of Alibaba Group in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $297.83.

NYSE:BABA traded down $5.37 during mid-day trading on Monday, reaching $304.55. 312,849 shares of the company were exchanged, compared to its average volume of 16,572,098. Alibaba Group Holding Limited has a 12 month low of $169.95 and a 12 month high of $314.00. The company has a fifty day moving average of $286.14 and a 200 day moving average of $243.37. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.13. The stock has a market cap of $838.53 billion, a PE ratio of 33.40, a PEG ratio of 2.16 and a beta of 1.50.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 20th. The specialty retailer reported $14.82 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $13.28. The firm had revenue of $153.75 billion for the quarter, compared to analyst estimates of $147.30 billion. Alibaba Group had a net margin of 31.96% and a return on equity of 14.13%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.55 EPS. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.58 EPS for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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