Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Brinker Capital Investments LLC

Brinker Capital Investments LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 919.4% during the first quarter, Holdings Channel.com reports. The fund owned 32,641 shares of the specialty retailer’s stock after acquiring an additional 29,439 shares during the quarter. Brinker Capital Investments LLC’s holdings in Alibaba Group were worth $7,401,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in Alibaba Group by 62.9% during the fourth quarter. Meeder Asset Management Inc. now owns 114 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 44 shares during the period. Inspire Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $27,000. Firestone Capital Management boosted its position in shares of Alibaba Group by 416.7% in the 1st quarter. Firestone Capital Management now owns 124 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 100 shares during the period. San Francisco Sentry Investment Group CA boosted its position in shares of Alibaba Group by 50.0% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 150 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 50 shares during the period. Finally, Jackson Grant Investment Advisers Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $35,000. 33.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BABA stock opened at $213.07 on Friday. The firm has a 50 day moving average of $223.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.67. Alibaba Group Holding Limited has a twelve month low of $204.39 and a twelve month high of $319.32. The company has a market cap of $576.49 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.30 and a beta of 0.81.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, May 12th. The specialty retailer reported $10.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $8.85. Alibaba Group had a return on equity of 12.95% and a net margin of 20.83%. The business had revenue of $187.40 billion for the quarter, compared to the consensus estimate of $180.67 billion. During the same period last year, the business earned $9.20 EPS. The firm’s revenue was up 63.9% compared to the same quarter last year. Sell-side analysts predict that Alibaba Group Holding Limited will post 9.73 earnings per share for the current fiscal year.

BABA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Alibaba Group in a research report on Tuesday, May 11th. They issued an “overweight” rating for the company. CLSA decreased their price objective on Alibaba Group from $351.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, April 12th. CICC Research assumed coverage on Alibaba Group in a research report on Friday, April 2nd. They set an “outperform” rating for the company. Truist decreased their price objective on Alibaba Group from $315.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, May 14th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell decreased their price objective on Alibaba Group from $338.00 to $306.00 and set a “buy” rating for the company in a research report on Friday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $318.57.

Alibaba Group 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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