Wellington Shields & Co. LLC Acquires 613 Shares of Alibaba Group Holding Limited (NYSE:BABA)


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Wellington Shields & Co. LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 87.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,313 shares of the specialty retailer’s stock after purchasing an additional 613 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Alibaba Group were worth $306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BABA. Rikoon Group LLC bought a new position in shares of Alibaba Group in the 3rd quarter valued at about $257,000. MAI Capital Management boosted its stake in Alibaba Group by 11.8% during the 3rd quarter. MAI Capital Management now owns 152,864 shares of the specialty retailer’s stock worth $44,939,000 after acquiring an additional 16,102 shares during the last quarter. Syntal Capital Partners LLC bought a new position in Alibaba Group during the 3rd quarter worth approximately $1,507,000. Perennial Investment Advisors LLC boosted its stake in Alibaba Group by 9.0% during the 3rd quarter. Perennial Investment Advisors LLC now owns 4,558 shares of the specialty retailer’s stock worth $1,343,000 after acquiring an additional 375 shares during the last quarter. Finally, Cypress Asset Management Inc. TX boosted its stake in Alibaba Group by 1.1% during the 3rd quarter. Cypress Asset Management Inc. TX now owns 10,383 shares of the specialty retailer’s stock worth $3,052,000 after acquiring an additional 114 shares during the last quarter. 40.38% of the stock is currently owned by institutional investors.

Shares of Alibaba Group stock traded down $5.53 on Tuesday, hitting $248.47. The stock had a trading volume of 309,861 shares, compared to its average volume of 21,523,230. The stock has a 50 day moving average of $254.14 and a 200 day moving average of $269.44. Alibaba Group Holding Limited has a twelve month low of $169.95 and a twelve month high of $319.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $672.27 billion, a P/E ratio of 36.44, a PEG ratio of 1.59 and a beta of 0.99.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $19.25. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The company had revenue of $221.08 billion during the quarter, compared to the consensus estimate of $214.39 billion. During the same quarter in the prior year, the firm posted $18.19 earnings per share. The firm’s revenue was up 36.9% compared to the same quarter last year. Equities analysts expect that Alibaba Group Holding Limited will post 7.84 earnings per share for the current year.

BABA has been the topic of several research analyst reports. Oppenheimer raised their target price on shares of Alibaba Group from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Stifel Nicolaus restated a “buy” rating and set a $330.00 target price on shares of Alibaba Group in a report on Tuesday, October 27th. Royal Bank of Canada raised their target price on shares of Alibaba Group from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. HSBC raised their target price on shares of Alibaba Group from $329.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Finally, Sanford C. Bernstein assumed coverage on shares of Alibaba Group in a report on Monday, January 25th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $321.55.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Further Reading: Trading on Margin

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

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