Veriti Management LLC Buys 4,553 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Veriti Management LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 125.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,170 shares of the specialty retailer’s stock after buying an additional 4,553 shares during the quarter. Veriti Management LLC’s holdings in Alibaba Group were worth $889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BABA. Tudor Investment Corp Et Al lifted its holdings in Alibaba Group by 170.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 33,543 shares of the specialty retailer’s stock valued at $4,966,000 after buying an additional 21,157 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Alibaba Group by 1.4% in the 3rd quarter. Janus Henderson Group PLC now owns 793,748 shares of the specialty retailer’s stock valued at $117,506,000 after purchasing an additional 11,076 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Alibaba Group by 108.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 11,394 shares of the specialty retailer’s stock valued at $777,000 after purchasing an additional 5,937 shares in the last quarter. Laffer Tengler Investments raised its holdings in shares of Alibaba Group by 18.8% in the 3rd quarter. Laffer Tengler Investments now owns 826 shares of the specialty retailer’s stock valued at $122,000 after purchasing an additional 131 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of Alibaba Group by 119.3% in the 3rd quarter. Summit Trail Advisors LLC now owns 5,777 shares of the specialty retailer’s stock valued at $855,000 after purchasing an additional 3,143 shares in the last quarter. Institutional investors own 17.39% of the company’s stock.

Shares of NYSE BABA opened at $105.15 on Thursday. The company’s fifty day moving average price is $94.42 and its 200 day moving average price is $108.29. Alibaba Group Holding Limited has a 1 year low of $73.28 and a 1 year high of $230.89. The company has a market capitalization of $285.05 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.66.

Alibaba Group (NYSE:BABAGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.78. Alibaba Group had a net margin of 6.35% and a return on equity of 11.17%. The firm had revenue of $204.05 billion for the quarter, compared to the consensus estimate of $199.43 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Alibaba Group Holding Limited will post 6.34 EPS for the current year.

Several equities research analysts have recently commented on BABA shares. Benchmark reduced their price target on shares of Alibaba Group from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, May 27th. Robert W. Baird reduced their price target on shares of Alibaba Group from $160.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, May 23rd. The Goldman Sachs Group started coverage on shares of Alibaba Group in a report on Sunday, April 10th. They issued a “buy” rating and a $185.00 price target for the company. Morgan Stanley reduced their price objective on shares of Alibaba Group from $165.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, February 25th. Finally, HSBC reduced their price objective on shares of Alibaba Group from $168.00 to $156.00 and set a “buy” rating for the company in a research note on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $188.49.

Alibaba Group Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers 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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