Sitrin Capital Management LLC Acquires Shares of 27,471 Alibaba Group Holding Ltd (BABA)

Sitrin Capital Management LLC acquired a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,471 shares of the specialty retailer’s stock, valued at approximately $4,737,000. Alibaba Group makes up about 3.0% of Sitrin Capital Management LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MUFG Americas Holdings Corp acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $101,000. First Eagle Investment Management LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at about $104,000. Lenox Wealth Advisors Inc. raised its position in shares of Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 580 shares during the last quarter. Lorber David A acquired a new stake in shares of Alibaba Group in the third quarter valued at about $109,000. Finally, Highlander Capital Management LLC raised its position in shares of Alibaba Group by 478.0% in the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 717 shares during the last quarter. 37.88% of the stock is currently owned by institutional investors and hedge funds.

BABA has been the subject of a number of recent research reports. BidaskClub cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Vetr cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $197.98 target price for the company. in a research report on Monday, October 30th. Barclays increased their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Needham & Company LLC increased their target price on shares of Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and an average price target of $211.14.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $183.68 on Friday. Alibaba Group Holding Ltd has a 12-month low of $100.30 and a 12-month high of $206.20. The firm has a market cap of $470,430.00, a PE ratio of 45.24, a price-to-earnings-growth ratio of 1.49 and a beta of 2.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. equities research analysts anticipate that Alibaba Group Holding Ltd will post 4.05 EPS for the current year.

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About Alibaba Group

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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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