BABA Stock: Alibaba Group Holding To Position Raised by The Gulf International Bank UK

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Gulf International Bank UK Ltd boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,400 shares of the specialty retailer’s stock after purchasing an additional 2,000 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Alibaba Group were worth $47,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. E&G Advisors LP grew its stake in Alibaba Group by 53.8% in the fourth quarter. E&G Advisors LP now owns 2,000 shares of the specialty retailer’s stock valued at $345,000 after acquiring an additional 700 shares during the period. Baltimore Washington Financial Advisors Inc. grew its stake in Alibaba Group by 11.5% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 46,025 shares of the specialty retailer’s stock valued at $7,936,000 after acquiring an additional 4,761 shares during the period. Strategic Advisors LLC grew its stake in Alibaba Group by 19.3% in the fourth quarter. Strategic Advisors LLC now owns 4,220 shares of the specialty retailer’s stock valued at $728,000 after acquiring an additional 684 shares during the period. First United Bank Trust acquired a new position in Alibaba Group in the fourth quarter valued at about $921,000. Finally, Johanson Financial Advisors Inc. grew its stake in Alibaba Group by 67.3% in the fourth quarter. Johanson Financial Advisors Inc. now owns 10,944 shares of the specialty retailer’s stock valued at $1,882,000 after acquiring an additional 4,402 shares during the period. Institutional investors and hedge funds own 37.99% of the company’s stock.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) traded up $1.95 during midday trading on Wednesday, reaching $184.35. The company had a trading volume of 16,250,000 shares, compared to its average volume of 20,310,000. Alibaba Group Holding Ltd has a 1 year low of $95.00 and a 1 year high of $192.49. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $472,150.00, a PE ratio of 50.51, a PEG ratio of 1.42 and a beta of 2.52.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, November 2nd. The specialty retailer reported $1.02 EPS for the quarter, beating the consensus estimate of $0.84 by $0.18. Alibaba Group had a return on equity of 17.89% and a net margin of 30.87%. sell-side analysts forecast that Alibaba Group Holding Ltd will post 4.31 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on BABA shares. Zacks Investment Research cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, November 24th. Nomura reaffirmed a “buy” rating and set a $219.00 price objective (down from $221.00) on shares of Alibaba Group in a research report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and set a $240.00 price objective on shares of Alibaba Group in a research report on Tuesday. Oppenheimer reaffirmed a “buy” rating and set a $220.00 price objective (up from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Finally, Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 price objective for the company in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $188.22.

Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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