Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 40.9% in the third quarter, HoldingsChannel.com reports. The fund owned 43,697 shares of the specialty retailer’s stock after buying an additional 12,678 shares during the quarter. Diversified Trust Co’s holdings in Alibaba Group were worth $7,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of BABA. Polar Asset Management Partners Inc. increased its holdings in shares of Alibaba Group by 768.2% in the second quarter. Polar Asset Management Partners Inc. now owns 191,000 shares of the specialty retailer’s stock valued at $32,365,000 after buying an additional 169,000 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Alibaba Group during the second quarter worth $215,000. Edge Capital Group LLC increased its position in shares of Alibaba Group by 23.0% during the second quarter. Edge Capital Group LLC now owns 2,800 shares of the specialty retailer’s stock worth $474,000 after acquiring an additional 523 shares in the last quarter. Berkshire Capital Holdings Inc. increased its position in shares of Alibaba Group by 791,300.0% during the second quarter. Berkshire Capital Holdings Inc. now owns 79,140 shares of the specialty retailer’s stock worth $13,410,000 after acquiring an additional 79,130 shares in the last quarter. Finally, M Holdings Securities Inc. increased its position in shares of Alibaba Group by 8.5% during the first quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock worth $1,604,000 after acquiring an additional 685 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

BABA has been the subject of several research reports. Oppenheimer set a $215.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Jefferies Financial Group began coverage on shares of Alibaba Group in a research report on Monday, August 5th. They issued a “buy” rating and a $216.00 target price for the company. Goldman Sachs Group set a $236.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, September 24th. ValuEngine downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, HSBC raised their target price on shares of Alibaba Group from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have given a buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average target price of $221.64.



Shares of NYSE BABA traded up $3.11 during mid-day trading on Wednesday, reaching $165.04. 2,777,987 shares of the company were exchanged, compared to its average volume of 16,005,511. The company’s 50-day simple moving average is $173.17 and its 200-day simple moving average is $172.26. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $412.01 billion, a P/E ratio of 45.97, a P/E/G ratio of 1.05 and a beta of 2.27. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. The company had revenue of $114.92 billion during the quarter, compared to analysts’ expectations of $111.65 billion. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. Alibaba Group’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. As a group, equities research analysts expect that Alibaba Group Holding Ltd will post 5.81 EPS for the current 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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