Hollencrest Capital Management Decreases Position in Alibaba Group Holding Ltd (NYSE:BABA)

Hollencrest Capital Management decreased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,834 shares of the specialty retailer’s stock after selling 200 shares during the period. Hollencrest Capital Management’s holdings in Alibaba Group were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Enterprise Trust & Investment Co bought a new position in shares of Alibaba Group during the third quarter valued at $27,000. Lee Financial Co increased its stake in shares of Alibaba Group by 194.6% in the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. WealthStone Inc. bought a new position in shares of Alibaba Group in the 2nd quarter worth about $29,000. Financial Advantage Inc. bought a new position in shares of Alibaba Group in the 3rd quarter worth about $33,000. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Alibaba Group by 100.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. 43.44% of the stock is owned by institutional investors.

Several research analysts recently issued reports on BABA shares. Goldman Sachs Group set a $236.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group assumed coverage on shares of Alibaba Group in a report on Monday, August 5th. They issued a “buy” rating and a $216.00 price objective on the stock. Stifel Nicolaus set a $225.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, HSBC raised their target price on shares of Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $223.48.

BABA traded up $1.69 during trading hours on Thursday, hitting $171.61. The company’s stock had a trading volume of 4,114,793 shares, compared to its average volume of 13,018,520. The business’s 50-day moving average price is $173.20 and its 200-day moving average price is $171.65. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The stock has a market cap of $437.09 billion, a price-to-earnings ratio of 47.80, a P/E/G ratio of 1.10 and a beta of 2.27. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The company had revenue of $114.92 billion for the quarter, compared to analysts’ expectations of $111.65 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. Alibaba Group’s quarterly revenue was up 42.0% on a year-over-year basis. On average, analysts forecast that Alibaba Group Holding Ltd will post 5.73 earnings per share 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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