Lake Street Financial LLC Invests $620,000 in Alibaba Group Holding Ltd (BABA)

Lake Street Financial LLC bought a new stake in Alibaba Group Holding Ltd (NYSE:BABA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,397 shares of the specialty retailer’s stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its holdings in Alibaba Group by 5.4% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 66 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings in Alibaba Group by 25.5% during the 4th quarter. Enterprise Financial Services Corp now owns 354 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 72 shares during the last quarter. Mission Wealth Management LP lifted its holdings in Alibaba Group by 4.6% during the 4th quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 72 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in Alibaba Group by 3.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 2,365 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 74 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in Alibaba Group by 18.3% during the 4th quarter. Arcadia Investment Management Corp MI now owns 485 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.

Shares of Alibaba Group stock traded down $1.22 during trading on Thursday, reaching $184.97. 324,238 shares of the company’s stock were exchanged, compared to its average volume of 11,942,062. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70. The stock has a market capitalization of $479.42 billion, a P/E ratio of 45.90, a price-to-earnings-growth ratio of 1.31 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The company had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. During the same quarter in the previous year, the firm earned $1.63 EPS. Alibaba Group’s revenue was up 41.3% on a year-over-year basis. On average, research analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

Several analysts recently weighed in on BABA shares. Mizuho reissued a “buy” rating and set a $200.00 price target on shares of Alibaba Group in a report on Thursday, December 13th. ValuEngine cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Macquarie set a $220.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Tuesday, January 8th. Finally, Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Alibaba Group in a report on Monday, January 14th. One analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $210.77.

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About Alibaba Group

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

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