RD Finance Ltd Makes New $3.64 Million Investment in Alibaba Group Holding Limited $BABA

RD Finance Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABAFree Report) in the 4th quarter, Holdings Channel reports. The firm bought 24,850 shares of the specialty retailer’s stock, valued at approximately $3,643,000. Alibaba Group makes up 3.7% of RD Finance Ltd’s investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also made changes to their positions in BABA. Ameriflex Group Inc. lifted its holdings in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $30,000. NBT Bank N A NY lifted its holdings in shares of Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $37,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after buying an additional 65 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

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Alibaba Group Trading Down 0.7%

Shares of NYSE BABA opened at $139.97 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $335.79 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50. Alibaba Group Holding Limited has a 1-year low of $103.71 and a 1-year high of $192.67. The business has a fifty day moving average price of $132.13 and a 200 day moving average price of $150.58.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Saturday, February 14th. The specialty retailer reported $0.13 EPS for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion during the quarter. Equities research analysts expect that Alibaba Group Holding Limited will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the subject of several research reports. Jefferies Financial Group lowered their target price on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Argus upgraded Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. Nomura upped their price objective on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane assumed coverage on Alibaba Group in a research note on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $188.75.

View Our Latest Stock Analysis on BABA

Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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

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