Alibaba Group Holding Limited (BABA) Position Raised by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 59.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,168 shares of the specialty retailer’s stock after buying an additional 6,743 shares during the period. Ashfield Capital Partners LLC’s holdings in Alibaba Group Holding Limited were worth $3,138,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the second quarter valued at $102,000. First Eagle Investment Management LLC bought a new position in Alibaba Group Holding Limited in the third quarter valued at about $104,000. Lee Financial Co lifted its holdings in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 250 shares during the period. Winch Advisory Services LLC lifted its holdings in Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new position in Alibaba Group Holding Limited in the second quarter valued at about $116,000. 37.47% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Bank of America Corporation reissued a “buy” rating and issued a $200.00 target price on shares of Alibaba Group Holding Limited in a report on Monday, October 16th. Needham & Company LLC increased their target price on Alibaba Group Holding Limited from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $190.00 target price (up previously from $165.00) on shares of Alibaba Group Holding Limited in a report on Friday, August 25th. Vetr downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 target price on the stock. in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $184.45.

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Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down $0.29 during mid-day trading on Friday, hitting $185.18. The company had a trading volume of 8,140,000 shares, compared to its average volume of 17,590,000. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $191.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $474,290.00, a price-to-earnings ratio of 52.76, a P/E/G ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 22.83% and a net margin of 33.18%. The firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the company earned $0.74 EPS. equities research analysts anticipate that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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