KCM Investment Advisors LLC increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 40.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,882 shares of the specialty retailer’s stock after acquiring an additional 544 shares during the quarter. KCM Investment Advisors LLC’s holdings in Alibaba Group were worth $325,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Osborn Williams & Donohoe LLC increased its stake in Alibaba Group by 5.3% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock valued at $952,000 after purchasing an additional 280 shares during the period. North Star Asset Management Inc. increased its stake in Alibaba Group by 1.3% in the fourth quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock valued at $3,861,000 after purchasing an additional 284 shares during the period. Sii Investments Inc. WI increased its stake in Alibaba Group by 1.3% in the third quarter. Sii Investments Inc. WI now owns 21,950 shares of the specialty retailer’s stock valued at $3,820,000 after purchasing an additional 288 shares during the period. Westside Investment Management Inc. increased its stake in Alibaba Group by 5.7% in the third quarter. Westside Investment Management Inc. now owns 5,393 shares of the specialty retailer’s stock valued at $982,000 after purchasing an additional 289 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Alibaba Group by 7.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,086 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 37.72% of the company’s stock.
BABA has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research note on Monday, December 4th. Morgan Stanley set a $250.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Monday, January 29th. KeyCorp boosted their price target on shares of Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Susquehanna Bancshares initiated coverage on shares of Alibaba Group in a research note on Wednesday, December 6th. They set a “positive” rating and a $220.00 price target on the stock. Finally, Nomura reiterated a “buy” rating and set a $219.00 price target (down from $221.00) on shares of Alibaba Group in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and a consensus price target of $214.01.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the company earned $1.30 EPS. analysts forecast that Alibaba Group Holding Ltd will post 4.08 EPS for the current year.
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Alibaba Group Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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