870 Shares in Alibaba Group Holding Ltd (BABA) Purchased by Crewe Advisors LLC

Crewe Advisors LLC purchased a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 870 shares of the specialty retailer’s stock, valued at approximately $150,000.

Other large investors have also recently added to or reduced their stakes in the company. AXA increased its position in shares of Alibaba Group by 8.8% during the third quarter. AXA now owns 802,486 shares of the specialty retailer’s stock worth $138,597,000 after acquiring an additional 64,589 shares during the period. Dymon Asia Capital Ltd. purchased a new stake in shares of Alibaba Group during the third quarter worth $1,917,000. Coldstream Capital Management Inc. increased its position in shares of Alibaba Group by 39.8% during the third quarter. Coldstream Capital Management Inc. now owns 2,817 shares of the specialty retailer’s stock worth $487,000 after acquiring an additional 802 shares during the period. Pitcairn Co. purchased a new stake in shares of Alibaba Group during the third quarter worth $3,218,000. Finally, Cornerstone Financial Partners LLC purchased a new stake in shares of Alibaba Group during the third quarter worth $580,000. Institutional investors own 38.13% of the company’s stock.

Several research firms recently commented on BABA. Stifel Nicolaus increased their target price on Alibaba Group from $230.00 to $260.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 target price on the stock. in a report on Tuesday, January 23rd. Bank of America reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a report on Thursday, February 1st. Robert W. Baird increased their target price on Alibaba Group to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, MKM Partners increased their target price on Alibaba Group to $260.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group presently has an average rating of “Buy” and an average target price of $211.15.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $183.68 on Tuesday. 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 PEG ratio of 1.49 and a beta of 2.58. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29.

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

TRADEMARK VIOLATION WARNING: This report was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/20/870-shares-in-alibaba-group-holding-ltd-baba-purchased-by-crewe-advisors-llc.html.

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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply