PagnatoKarp Partners LLC purchased a new position in Alibaba Group Holding Ltd (NYSE:BABA) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,633 shares of the specialty retailer’s stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Norges Bank purchased a new position in Alibaba Group in the 4th quarter worth approximately $1,734,020,000. BlackRock Inc. boosted its holdings in Alibaba Group by 7.4% in the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after acquiring an additional 4,674,615 shares during the period. Federated Investors Inc. PA boosted its holdings in Alibaba Group by 449.8% in the 3rd quarter. Federated Investors Inc. PA now owns 3,691,425 shares of the specialty retailer’s stock worth $608,200,000 after acquiring an additional 3,020,054 shares during the period. Nordea Investment Management AB purchased a new position in Alibaba Group in the 3rd quarter worth approximately $490,205,000. Finally, Legal & General Group Plc boosted its holdings in Alibaba Group by 40.4% in the 4th quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock worth $1,065,152,000 after acquiring an additional 2,234,676 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Shares of BABA stock traded down $1.98 on Wednesday, hitting $185.21. 4,516,858 shares of the stock traded hands, compared to its average volume of 13,649,206. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $479.42 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.29 and a beta of 2.31. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $10.83. The business had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business’s revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. On average, research analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

A number of research firms have weighed in on BABA. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Robert W. Baird upped their price target on Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Nomura reiterated a “buy” rating and set a $205.00 target price (up from $200.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Macquarie reiterated an “outperform” rating and set a $224.00 target price (up from $220.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, Bank of America reiterated a “buy” rating and set a $215.00 target price (down from $221.00) on shares of Alibaba Group in a research note on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $210.77.

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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.

Further Reading: Certificate of Deposit (CD)

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

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