Coastal Investment Advisors Inc. Buys 2,004 Shares of Alibaba Group Holding Limited (NYSE:BABA)


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Coastal Investment Advisors Inc. lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,684 shares of the specialty retailer’s stock after acquiring an additional 2,004 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in Alibaba Group were worth $1,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BABA. PNC Financial Services Group Inc. increased its position in shares of Alibaba Group by 7.4% during the second quarter. PNC Financial Services Group Inc. now owns 218,526 shares of the specialty retailer’s stock valued at $47,136,000 after acquiring an additional 15,117 shares during the last quarter. FMR LLC increased its position in shares of Alibaba Group by 22.7% during the second quarter. FMR LLC now owns 29,139,029 shares of the specialty retailer’s stock valued at $6,285,287,000 after acquiring an additional 5,388,891 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Alibaba Group by 17.2% during the second quarter. Townsquare Capital LLC now owns 2,046 shares of the specialty retailer’s stock valued at $515,000 after acquiring an additional 300 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of Alibaba Group during the second quarter valued at approximately $261,000. Finally, Equitable Trust Co. purchased a new stake in shares of Alibaba Group during the second quarter valued at approximately $620,000. 40.38% of the stock is owned by institutional investors.

BABA stock traded up $9.70 during mid-day trading on Wednesday, hitting $235.30. 38,695,309 shares of the stock were exchanged, compared to its average volume of 32,861,164. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.99 and a quick ratio of 1.99. The business has a fifty day moving average price of $251.33 and a 200 day moving average price of $266.65. Alibaba Group Holding Limited has a 12 month low of $169.95 and a 12 month high of $319.32. The stock has a market capitalization of $636.64 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.48 and a beta of 0.99.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, November 5th. The specialty retailer reported $17.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $16.28. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The firm had revenue of $155.06 billion during the quarter, compared to analyst estimates of $155 billion. During the same quarter in the previous year, the company posted $13.10 earnings per share. The company’s revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.88 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Raymond James decreased their target price on Alibaba Group from $335.00 to $330.00 and set a “strong-buy” rating for the company in a research report on Friday, November 6th. DZ Bank reissued a “buy” rating on shares of Alibaba Group in a research report on Thursday, November 5th. KeyCorp raised their target price on Alibaba Group from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Mizuho decreased their target price on Alibaba Group from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, January 8th. Finally, Benchmark raised their target price on Alibaba Group from $290.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $317.39.

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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