Stifel Financial Corp trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,714 shares of the specialty retailer’s stock after selling 16,412 shares during the period. Stifel Financial Corp’s holdings in Alibaba Group were worth $57,415,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BABA. WINTON GROUP Ltd bought a new stake in shares of Alibaba Group in the third quarter worth about $361,000. Toronto Dominion Bank boosted its position in Alibaba Group by 16,227.5% during the 3rd quarter. Toronto Dominion Bank now owns 174,051 shares of the specialty retailer’s stock valued at $28,675,000 after acquiring an additional 172,985 shares in the last quarter. Highstreet Asset Management Inc. boosted its position in Alibaba Group by 16.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 6,100 shares of the specialty retailer’s stock valued at $1,005,000 after acquiring an additional 852 shares in the last quarter. Wasatch Advisors Inc. boosted its position in Alibaba Group by 7.9% during the 3rd quarter. Wasatch Advisors Inc. now owns 308,924 shares of the specialty retailer’s stock valued at $50,898,000 after acquiring an additional 22,518 shares in the last quarter. Finally, Honeywell International Inc. bought a new stake in Alibaba Group during the 3rd quarter valued at approximately $14,664,000. Institutional investors own 39.79% of the company’s stock.
Several analysts have weighed in on the company. Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Nomura reaffirmed a “buy” rating and set a $205.00 price objective (up from $200.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Macquarie reaffirmed an “outperform” rating and set a $224.00 price objective (up from $220.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Finally, Bank of America reaffirmed a “buy” rating and set a $215.00 price objective (down from $221.00) on shares of Alibaba Group in a research report on Thursday, January 31st. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $211.07.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The company had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.
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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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