Alibaba Group Holding Limited (NYSE:BABA) Stock Position Increased by Sofos Investments Inc.

Sofos Investments Inc. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 21.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,892 shares of the specialty retailer’s stock after buying an additional 874 shares during the quarter. Sofos Investments Inc.’s holdings in Alibaba Group were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. RGT Wealth Advisors LLC raised its position in shares of Alibaba Group by 5.3% during the 1st quarter. RGT Wealth Advisors LLC now owns 974 shares of the specialty retailer’s stock worth $221,000 after buying an additional 49 shares in the last quarter. Corient Capital Partners LLC grew its stake in shares of Alibaba Group by 3.8% in the 1st quarter. Corient Capital Partners LLC now owns 1,335 shares of the specialty retailer’s stock worth $302,000 after purchasing an additional 49 shares during the last quarter. TrinityPoint Wealth LLC grew its stake in shares of Alibaba Group by 2.9% in the 1st quarter. TrinityPoint Wealth LLC now owns 1,771 shares of the specialty retailer’s stock worth $402,000 after purchasing an additional 50 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of Alibaba Group by 4.8% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,141 shares of the specialty retailer’s stock worth $259,000 after purchasing an additional 52 shares during the last quarter. Finally, Firethorn Wealth Partners LLC grew its stake in shares of Alibaba Group by 3.6% in the 1st quarter. Firethorn Wealth Partners LLC now owns 1,501 shares of the specialty retailer’s stock worth $340,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 24.48% of the company’s stock.

Alibaba Group stock traded down $0.96 during trading hours on Tuesday, reaching $150.53. 401,712 shares of the company’s stock traded hands, compared to its average volume of 19,761,924. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.76 and a current ratio of 1.76. Alibaba Group Holding Limited has a fifty-two week low of $149.09 and a fifty-two week high of $319.32. The firm has a market capitalization of $409.17 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.31 and a beta of 0.79. The firm’s 50 day moving average is $182.94 and its 200-day moving average is $209.05.

Alibaba Group (NYSE:BABA) last released its earnings results on Monday, August 2nd. The specialty retailer reported $16.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $14.86. Alibaba Group had a net margin of 19.25% and a return on equity of 12.92%. The company had revenue of $205.74 billion for the quarter, compared to the consensus estimate of $208.67 billion. During the same period in the prior year, the company posted $14.82 EPS. The company’s revenue was up 33.8% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Limited will post 8.3 EPS for the current year.

BABA has been the topic of several recent research reports. Benchmark lowered their price objective on shares of Alibaba Group from $282.00 to $277.00 and set a “buy” rating on the stock in a research note on Wednesday, August 4th. Zacks Investment Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating and set a $175.00 price objective on the stock. in a research note on Tuesday, July 13th. Morgan Stanley dropped their target price on shares of Alibaba Group from $300.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 6th. They noted that the move was a valuation call. KeyCorp dropped their target price on shares of Alibaba Group from $270.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 4th. Finally, Stifel Nicolaus dropped their target price on shares of Alibaba Group from $260.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, September 15th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Buy” and an average price target of $297.55.

Alibaba Group Profile

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.

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

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