Jupiter Wealth Management LLC Has $1.03 Million Position in Alibaba Group Holding Ltd (NYSE:BABA)

Jupiter Wealth Management LLC grew its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 59.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,888 shares of the specialty retailer’s stock after buying an additional 2,200 shares during the quarter. Jupiter Wealth Management LLC’s holdings in Alibaba Group were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Successful Portfolios LLC lifted its position in shares of Alibaba Group by 3.8% in the first quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock worth $277,000 after purchasing an additional 55 shares in the last quarter. Cypress Wealth Services LLC lifted its position in shares of Alibaba Group by 3.8% in the first quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock worth $276,000 after purchasing an additional 56 shares in the last quarter. Regentatlantic Capital LLC lifted its position in shares of Alibaba Group by 2.4% in the first quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock worth $474,000 after purchasing an additional 61 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Alibaba Group by 1.4% in the second quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after purchasing an additional 63 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Alibaba Group by 21.9% in the second quarter. Larson Financial Group LLC now owns 367 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 41.06% of the company’s stock.

A number of analysts have recently commented on the stock. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Benchmark reissued a “buy” rating and issued a $220.00 price objective (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Mizuho boosted their price objective on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Stifel Nicolaus boosted their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Macquarie set a $226.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $218.89.



Shares of NYSE:BABA traded up $7.63 on Friday, hitting $174.60. The company had a trading volume of 25,365,500 shares, compared to its average volume of 19,949,474. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72. The stock has a market cap of $424.84 billion, a price-to-earnings ratio of 48.64, a P/E/G ratio of 1.50 and a beta of 2.30. The stock has a 50 day moving average price of $169.46 and a 200 day moving average price of $172.75. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.87%. The firm had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Sell-side analysts anticipate that Alibaba Group Holding Ltd will post 5.04 earnings per share for the current fiscal year.

Alibaba Group Company 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.

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

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