1,265 Shares in Alibaba Group Holding Ltd (BABA) Purchased by NewFocus Financial Group LLC

NewFocus Financial Group LLC purchased a new stake in Alibaba Group Holding Ltd (NYSE:BABA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,265 shares of the specialty retailer’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. RNC Capital Management LLC grew 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 worth $353,000 after purchasing an additional 275 shares in the last quarter. Private Asset Management Inc. grew 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 worth $5,542,000 after purchasing an additional 276 shares in the last quarter. First United Bank Trust grew 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 worth $1,102,000 after purchasing an additional 280 shares in the last quarter. American National Bank grew 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 worth $148,000 after purchasing an additional 285 shares in the last quarter. Finally, Viridian Ria LLC grew 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 worth $1,067,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

BABA has been the topic of a number of analyst reports. ValuEngine lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. KeyCorp upgraded shares of Alibaba Group to a “buy” rating and set a $235.00 target price on the stock in a research report on Monday, July 9th. Susquehanna Bancshares restated a “positive” rating and set a $305.00 target price on shares of Alibaba Group in a research report on Monday, July 9th. Zacks Investment Research lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Alibaba Group in a research report on Wednesday, July 11th. Two equities research 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. The stock has an average rating of “Buy” and an average target price of $222.57.



NYSE BABA opened at $142.87 on Friday. The company has a market cap of $365.91 billion, a P/E ratio of 35.45, a PEG ratio of 1.11 and a beta of 2.41. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. Alibaba Group Holding Ltd has a 1 year low of $135.14 and a 1 year high of $211.70.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 20.57% and a return on equity of 14.18%. Equities analysts expect that Alibaba Group Holding Ltd will post 3.72 EPS for the current year.

About Alibaba Group

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.

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

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