Gulf International Bank UK Ltd raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,900 shares of the specialty retailer’s stock after buying an additional 4,400 shares during the period. Gulf International Bank UK Ltd’s holdings in Alibaba Group Holding Limited were worth $37,465,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in Alibaba Group Holding Limited during the first quarter valued at approximately $107,000. Webster Bank N. A. raised its position in Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares during the period. WFG Advisors LP raised its position in Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the period. West Oak Capital LLC raised its position in Alibaba Group Holding Limited by 81.0% in the second quarter. West Oak Capital LLC now owns 950 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 425 shares during the period. Finally, Thompson Davis & CO. Inc. increased its stake in Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 36.64% of the company’s stock.
Alibaba Group Holding Limited (BABA) traded up 0.01% during trading on Friday, reaching $153.33. 10,035,631 shares of the company were exchanged. Alibaba Group Holding Limited has a 52-week low of $83.17 and a 52-week high of $160.39. The firm’s 50 day moving average is $146.12 and its 200 day moving average is $119.67. The stock has a market capitalization of $387.92 billion, a PE ratio of 61.09 and a beta of 2.64.
Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period last year, the business earned $0.47 EPS. Analysts expect that Alibaba Group Holding Limited will post $4.56 EPS for the current year.
Alibaba Group Holding Limited announced that its board has initiated a share buyback plan on Thursday, May 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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Several analysts have weighed in on BABA shares. BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a report on Friday, June 9th. Benchmark Co. began coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $140.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $120.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 23rd. Finally, CIBC upped their price objective on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $140.99.
Alibaba Group Holding Limited Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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