Alibaba Group Holding Ltd (BABA) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC increased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 149.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,272 shares of the specialty retailer’s stock after purchasing an additional 763 shares during the period. Jacobi Capital Management LLC’s holdings in Alibaba Group were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of BABA. Hillhouse Capital Management Ltd. boosted its holdings in shares of Alibaba Group by 318.7% during the second quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock worth $1,207,511,000 after acquiring an additional 4,954,118 shares during the period. Bank of America Corp DE boosted its holdings in shares of Alibaba Group by 32.9% during the second quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock worth $1,968,114,000 after acquiring an additional 2,626,882 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Alibaba Group by 60.6% during the third quarter. Canada Pension Plan Investment Board now owns 6,051,568 shares of the specialty retailer’s stock worth $997,056,000 after acquiring an additional 2,282,727 shares during the period. BlackRock Inc. boosted its holdings in shares of Alibaba Group by 3.4% during the second quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock worth $11,708,501,000 after acquiring an additional 2,077,793 shares during the period. Finally, Lansdowne Partners UK LLP boosted its holdings in shares of Alibaba Group by 576.1% during the third quarter. Lansdowne Partners UK LLP now owns 1,683,288 shares of the specialty retailer’s stock worth $277,338,000 after acquiring an additional 1,434,334 shares during the period. Institutional investors and hedge funds own 38.68% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Nomura reduced their price objective on Alibaba Group from $224.00 to $202.00 and set a “buy” rating for the company in a report on Monday, October 29th. KeyCorp set a $203.00 price objective on Alibaba Group and gave the stock an “overweight” rating in a report on Monday, November 5th. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Monday, November 26th. UBS Group set a $245.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Friday, August 24th. Finally, Raymond James cut their price target on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and an average target price of $214.05.

Shares of BABA stock opened at $153.06 on Friday. Alibaba Group Holding Ltd has a 1 year low of $130.06 and a 1 year high of $211.70. The company has a market capitalization of $399.10 billion, a P/E ratio of 37.98, a P/E/G ratio of 1.44 and a beta of 2.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.42.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, beating the consensus estimate of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The company’s revenue was up 49.6% on a year-over-year basis. As a group, analysts predict that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current 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.

See Also: Balanced Fund

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

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