Princeton Capital Management LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,806 shares of the specialty retailer’s stock after selling 185 shares during the period. Princeton Capital Management LLC’s holdings in Alibaba Group were worth $409,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of BABA. Camden National Bank increased its stake in Alibaba Group by 56.8% in the fourth quarter. Camden National Bank now owns 27,238 shares of the specialty retailer’s stock valued at $6,339,000 after purchasing an additional 9,866 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Alibaba Group by 13.8% in the fourth quarter. Trust Co. of Vermont now owns 784 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 95 shares during the period. Oak Ridge Investments LLC boosted its holdings in shares of Alibaba Group by 234.8% in the fourth quarter. Oak Ridge Investments LLC now owns 3,515 shares of the specialty retailer’s stock valued at $818,000 after buying an additional 2,465 shares during the period. Mengis Capital Management Inc. boosted its holdings in shares of Alibaba Group by 37.0% in the fourth quarter. Mengis Capital Management Inc. now owns 1,185 shares of the specialty retailer’s stock valued at $275,000 after buying an additional 320 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Alibaba Group by 36.7% in the fourth quarter. GSA Capital Partners LLP now owns 3,520 shares of the specialty retailer’s stock valued at $819,000 after buying an additional 945 shares during the period. 33.10% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. TheStreet cut shares of Alibaba Group from a “b” rating to a “c+” rating in a report on Friday, May 14th. Stifel Nicolaus reduced their price target on shares of Alibaba Group from $305.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, May 12th. KeyCorp reduced their price target on shares of Alibaba Group from $305.00 to $275.00 and set an “overweight” rating for the company in a report on Friday, May 14th. CICC Research assumed coverage on shares of Alibaba Group in a report on Friday, April 2nd. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating and set a $239.00 target price for the company in a report on Tuesday, March 30th. Two research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $318.57.
Shares of BABA traded down $2.00 during trading hours on Friday, hitting $211.07. The company had a trading volume of 348,492 shares, compared to its average volume of 17,824,115. Alibaba Group Holding Limited has a 12 month low of $204.39 and a 12 month high of $319.32. The stock has a market capitalization of $571.08 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.30 and a beta of 0.81. The stock has a fifty day moving average price of $223.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.67 and a current ratio of 1.70.
Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 12th. The specialty retailer reported $10.32 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $8.85. Alibaba Group had a net margin of 20.83% and a return on equity of 12.95%. The business had revenue of $187.40 billion for the quarter, compared to analyst estimates of $180.67 billion. During the same period last year, the firm earned $9.20 earnings per share. Alibaba Group’s revenue for the quarter was up 63.9% compared to the same quarter last year. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 9.73 earnings per share for the current fiscal year.
Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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