Alibaba Group Holding Ltd (NYSE:BABA) Shares Acquired by Regal Wealth Group Inc.

Regal Wealth Group Inc. lifted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 440.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,902 shares of the specialty retailer’s stock after purchasing an additional 1,550 shares during the quarter. Regal Wealth Group Inc.’s holdings in Alibaba Group were worth $261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Polar Asset Management Partners Inc. boosted its holdings in Alibaba Group by 768.2% in the second quarter. Polar Asset Management Partners Inc. now owns 191,000 shares of the specialty retailer’s stock valued at $32,365,000 after purchasing an additional 169,000 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Alibaba Group in the second quarter worth $215,000. Edge Capital Group LLC raised its position in Alibaba Group by 23.0% in the second quarter. Edge Capital Group LLC now owns 2,800 shares of the specialty retailer’s stock worth $474,000 after acquiring an additional 523 shares in the last quarter. Berkshire Capital Holdings Inc. raised its position in Alibaba Group by 791,300.0% in the second quarter. Berkshire Capital Holdings Inc. now owns 79,140 shares of the specialty retailer’s stock worth $13,410,000 after acquiring an additional 79,130 shares in the last quarter. Finally, KBC Group NV raised its position in Alibaba Group by 1.8% in the second quarter. KBC Group NV now owns 752,236 shares of the specialty retailer’s stock worth $127,467,000 after acquiring an additional 13,553 shares in the last quarter. 43.44% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on BABA shares. Stifel Nicolaus set a $225.00 price objective on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. ValuEngine lowered Alibaba Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Daiwa Capital Markets reissued a “buy” rating on shares of Alibaba Group in a research note on Tuesday. Royal Bank of Canada set a $210.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Vertical Group assumed coverage on Alibaba Group in a research note on Wednesday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have issued a buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $223.48.

Shares of Alibaba Group stock traded down $1.48 during trading hours on Wednesday, reaching $168.41. The stock had a trading volume of 6,545,999 shares, compared to its average volume of 13,200,112. The firm has a market capitalization of $428.50 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.12 and a beta of 2.27. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $195.72. The firm has a 50 day simple moving average of $173.33 and a two-hundred day simple moving average of $171.72.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the consensus estimate of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The business had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. During the same period last year, the business posted $1.01 EPS. The company’s revenue was up 42.0% on a year-over-year basis. Sell-side analysts forecast that Alibaba Group Holding Ltd will post 5.73 EPS for the current year.

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

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