Encompass Wealth Advisors LLC Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)


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Encompass Wealth Advisors LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 320 shares of the specialty retailer’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peapack Gladstone Financial Corp grew its holdings in Alibaba Group by 10.6% in the third quarter. Peapack Gladstone Financial Corp now owns 3,750 shares of the specialty retailer’s stock worth $1,102,000 after purchasing an additional 359 shares during the period. Advisory Alpha LLC purchased a new stake in Alibaba Group in the third quarter worth about $116,000. Financial Advisory Service Inc. lifted its stake in shares of Alibaba Group by 3.0% in the third quarter. Financial Advisory Service Inc. now owns 3,428 shares of the specialty retailer’s stock worth $1,008,000 after buying an additional 100 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its stake in shares of Alibaba Group by 43.1% in the third quarter. Capital Advisory Group Advisory Services LLC now owns 322 shares of the specialty retailer’s stock worth $95,000 after buying an additional 97 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in shares of Alibaba Group by 479.9% in the third quarter. Point72 Hong Kong Ltd now owns 189,939 shares of the specialty retailer’s stock worth $55,838,000 after buying an additional 239,939 shares in the last quarter. Institutional investors own 40.38% of the company’s stock.

Several brokerages have recently issued reports on BABA. CICC Research assumed coverage on shares of Alibaba Group in a research note on Friday, April 2nd. They issued an “outperform” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Alibaba Group in a research report on Monday, January 25th. They set a “market perform” rating on the stock. HSBC increased their price target on shares of Alibaba Group from $329.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Macquarie reiterated an “outperform” rating and issued a $407.00 price target (down from $421.00) on shares of Alibaba Group in a research report on Thursday, April 1st. Finally, Citigroup increased their price target on shares of Alibaba Group from $316.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $321.00.

BABA opened at $225.42 on Thursday. The stock has a market capitalization of $609.90 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 1.59 and a beta of 0.99. The company has a fifty day moving average of $237.68 and a 200 day moving average of $261.24. Alibaba Group Holding Limited has a fifty-two week low of $189.53 and a fifty-two week high of $319.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99.

Alibaba Group (NYSE:BABA) last released its earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $19.25. The firm had revenue of $221.08 billion during the quarter, compared to analyst estimates of $214.39 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The business’s revenue was up 36.9% on a year-over-year basis. During the same quarter last year, the business earned $18.19 EPS. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.84 earnings per share for the current year.

Alibaba Group Company Profile

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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