Alibaba Group Holding Ltd (BABA) Shares Bought by Sawtooth Solutions LLC

Sawtooth Solutions LLC boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 193.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,519 shares of the specialty retailer’s stock after purchasing an additional 9,578 shares during the quarter. Sawtooth Solutions LLC’s holdings in Alibaba Group were worth $2,392,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. RNC Capital Management LLC raised its position in shares of Alibaba Group by 16.9% during the 2nd quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock valued at $353,000 after buying an additional 275 shares in the last quarter. Private Asset Management Inc. raised its position in shares of Alibaba Group by 0.9% during the 2nd quarter. Private Asset Management Inc. now owns 30,193 shares of the specialty retailer’s stock valued at $5,542,000 after buying an additional 276 shares in the last quarter. First United Bank Trust raised its position in shares of Alibaba Group by 4.9% during the 2nd quarter. First United Bank Trust now owns 5,942 shares of the specialty retailer’s stock valued at $1,102,000 after buying an additional 280 shares in the last quarter. American National Bank raised its position in shares of Alibaba Group by 55.8% during the 2nd quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 285 shares in the last quarter. Finally, Viridian Ria LLC raised its position in shares of Alibaba Group by 5.2% during the 2nd quarter. Viridian Ria LLC now owns 5,749 shares of the specialty retailer’s stock valued at $1,067,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

Shares of BABA stock opened at $142.87 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $370.34 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 1.13 and a beta of 2.41. Alibaba Group Holding Ltd has a one year low of $135.14 and a one year high of $211.70.



Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The company had revenue of $12.23 billion during the quarter, compared to the consensus estimate of $12.25 billion. Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. On average, equities analysts forecast that Alibaba Group Holding Ltd will post 3.72 EPS for the current fiscal year.

Several brokerages have recently issued reports on BABA. ValuEngine cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Zacks Investment Research lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Macquarie reduced their price objective on shares of Alibaba Group from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Co reissued a “buy” rating on shares of Alibaba Group in a research report on Wednesday, July 11th. Finally, Susquehanna Bancshares reissued a “positive” rating and issued a $305.00 price objective on shares of Alibaba Group in a research report on Monday, July 9th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $222.57.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

See Also: Understanding Market Liquidity

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

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