Glacier Peak Capital LLC bought a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,000 shares of the specialty retailer’s stock, valued at approximately $1,652,000.

Other institutional investors also recently made changes to their positions in the company. Vicus Capital lifted its holdings in shares of Alibaba Group by 11.8% in the 1st quarter. Vicus Capital now owns 2,465 shares of the specialty retailer’s stock worth $452,000 after acquiring an additional 260 shares during the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of Alibaba Group by 14.3% in the 1st quarter. KCM Investment Advisors LLC now owns 2,151 shares of the specialty retailer’s stock worth $395,000 after acquiring an additional 269 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Alibaba Group by 2.7% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 12,168 shares of the specialty retailer’s stock worth $2,233,000 after acquiring an additional 315 shares during the last quarter. Kazazian Asset Management LLC lifted its holdings in shares of Alibaba Group by 3.8% in the 4th quarter. Kazazian Asset Management LLC now owns 9,031 shares of the specialty retailer’s stock worth $1,557,000 after acquiring an additional 328 shares during the last quarter. Finally, Morse Asset Management Inc lifted its holdings in shares of Alibaba Group by 1.5% in the 1st quarter. Morse Asset Management Inc now owns 23,045 shares of the specialty retailer’s stock worth $4,230,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 37.91% of the company’s stock.

A number of equities research analysts have recently weighed in on BABA shares. Vetr lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $208.51 price objective for the company. in a report on Wednesday, February 14th. KeyCorp lowered their price objective on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating for the company in a report on Tuesday, April 10th. Barclays set a $220.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Thursday, April 5th. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a report on Wednesday, April 4th. Finally, SunTrust Banks boosted their price objective on shares of Alibaba Group to $235.00 and gave the stock a “buy” rating in a report on Monday, May 7th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $223.79.

Alibaba Group stock traded up $2.49 during mid-day trading on Thursday, reaching $209.11. 2,344,016 shares of the company traded hands, compared to its average volume of 19,199,596. The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $526.83 billion, a P/E ratio of 51.89, a PEG ratio of 1.28 and a beta of 2.54. Alibaba Group Holding Ltd has a 52-week low of $133.10 and a 52-week high of $211.70.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The company had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same period in the previous year, the firm posted $0.63 earnings per share. analysts predict that Alibaba Group Holding Ltd will post 5.38 EPS for the current fiscal year.

Alibaba Group Profile

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.

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

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