Elkfork Partners LLC bought a new stake in Alibaba Group (NYSE:BABA) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,464 shares of the specialty retailer’s stock, valued at approximately $425,000.
Other hedge funds have also added to or reduced their stakes in the company. MUFG Americas Holdings Corp purchased a new position in Alibaba Group in the fourth quarter valued at approximately $101,000. Avestar Capital LLC purchased a new position in Alibaba Group in the fourth quarter valued at approximately $102,000. Lenox Wealth Advisors Inc. lifted its stake in Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 580 shares during the last quarter. Trustcore Financial Services LLC purchased a new position in Alibaba Group in the fourth quarter valued at approximately $107,000. Finally, Lorber David A purchased a new position in Alibaba Group in the third quarter valued at approximately $109,000. 37.73% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on BABA shares. Stifel Nicolaus restated a “buy” rating and set a $230.00 target price (up previously from $210.00) on shares of Alibaba Group in a research report on Sunday, January 28th. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. Nomura restated a “buy” rating and set a $219.00 target price (down previously from $221.00) on shares of Alibaba Group in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research report on Monday, December 4th. Finally, MKM Partners restated a “buy” rating on shares of Alibaba Group in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $214.01.
Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the prior year, the company earned $1.30 EPS. sell-side analysts anticipate that Alibaba Group will post 4.08 earnings per share for the current fiscal year.
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Alibaba Group Company 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.
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