InterOcean Capital LLC trimmed its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 64.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,192 shares of the specialty retailer’s stock after selling 2,150 shares during the period. InterOcean Capital LLC’s holdings in Alibaba Group were worth $232,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Pacifica Partners Inc. acquired a new position in Alibaba Group during the 4th quarter worth approximately $26,000. Sugarloaf Wealth Management LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth $30,000. Nkcfo LLC acquired a new position in shares of Alibaba Group during the first quarter worth $29,000. Capital Advisors Ltd. LLC increased its holdings in Alibaba Group by 110.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 83 shares during the last quarter. Finally, Squar Milner Financial Services LLC raised its stake in Alibaba Group by 111.7% in the fourth quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 86 shares in the last quarter. 47.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on BABA shares. Robert W. Baird reiterated a “buy” rating and issued a $230.00 price objective on shares of Alibaba Group in a report on Tuesday, April 14th. UBS Group cut their price objective on shares of Alibaba Group from $275.00 to $265.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Oppenheimer boosted their price objective on shares of Alibaba Group from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. CLSA reaffirmed a “buy” rating and issued a $270.00 target price on shares of Alibaba Group in a research report on Tuesday, April 14th. Finally, SunTrust Banks boosted their price target on shares of Alibaba Group from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $244.32.
NYSE:BABA traded down $12.46 during mid-day trading on Friday, hitting $199.70. The company had a trading volume of 51,903,680 shares, compared to its average volume of 21,330,340. The business has a fifty day simple moving average of $201.56 and a 200-day simple moving average of $203.72. The firm has a market capitalization of $539.82 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.40 and a beta of 1.60. Alibaba Group Holding Ltd has a 1 year low of $147.95 and a 1 year high of $231.14. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14.
Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, May 22nd. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $8.61. The business had revenue of $114.31 billion during the quarter, compared to analyst estimates of $108.31 billion. Alibaba Group had a return on equity of 15.82% and a net margin of 34.90%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm earned $8.57 earnings per share. As a group, research analysts anticipate that Alibaba Group Holding Ltd will post 5.88 earnings per share for the current year.
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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