Guild Investment Management Inc. bought a new position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,940 shares of the company’s stock, valued at approximately $2,063,000. Alibaba Group Holding comprises about 3.8% of Guild Investment Management Inc.’s holdings, making the stock its 9th largest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its position in Alibaba Group Holding by 25.0% in the first quarter. Ngam Advisors L.P. now owns 640,025 shares of the company’s stock worth $50,581,000 after buying an additional 128,056 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its position in shares of Alibaba Group Holding by 77.8% in the first quarter. Roberts Glore & Co. Inc. IL now owns 4,800 shares of the company’s stock worth $379,000 after buying an additional 2,100 shares during the period. Apertura Capital LLC bought a new position in shares of Alibaba Group Holding during the first quarter worth about $4,945,000. Cornerstone Financial Partners LLC boosted its position in shares of Alibaba Group Holding by 7.9% in the first quarter. Cornerstone Financial Partners LLC now owns 20,097 shares of the company’s stock worth $1,590,000 after buying an additional 1,477 shares during the period. Finally, WASHINGTON TRUST Co boosted its position in shares of Alibaba Group Holding by 6.0% in the first quarter. WASHINGTON TRUST Co now owns 209,559 shares of the company’s stock worth $16,560,000 after buying an additional 11,769 shares during the period. 29.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded up 2.24% during mid-day trading on Tuesday, reaching $108.26. 17,547,900 shares of the company’s stock traded hands. The company has a market cap of $267.73 billion, a P/E ratio of 38.35 and a beta of 2.97. The company’s 50 day moving average is $98.44 and its 200 day moving average is $83.89. Alibaba Group Holding Ltd. has a 12-month low of $57.20 and a 12-month high of $109.76.
Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. The business earned $4.84 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. During the same quarter last year, the company posted $0.59 earnings per share. On average, analysts predict that Alibaba Group Holding Ltd. will post $3.29 EPS for the current fiscal year.
A number of research analysts have recently issued reports on BABA shares. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $114.00 price objective (up from $110.00) on shares of Alibaba Group Holding in a research note on Wednesday, July 20th. Needham & Company LLC reissued a “buy” rating and issued a $105.00 target price (up from $95.00) on shares of Alibaba Group Holding in a research note on Saturday, August 13th. Cantor Fitzgerald reissued a “buy” rating on shares of Alibaba Group Holding in a research note on Sunday, August 28th. Citigroup Inc. raised their target price on Alibaba Group Holding to $104.00 and gave the stock a “buy” rating in a research note on Sunday, August 7th. Finally, Vetr raised Alibaba Group Holding from a “hold” rating to a “buy” rating and set a $106.15 target price on the stock in a research note on Thursday, September 1st. Four analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Alibaba Group Holding presently has an average rating of “Buy” and a consensus price target of $107.37.
Alibaba Group Holding Company Profile
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.
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