Overbrook Management Corp Increases Holdings in Alibaba Group Holding Ltd (BABA)

Overbrook Management Corp lifted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,071 shares of the specialty retailer’s stock after buying an additional 945 shares during the quarter. Overbrook Management Corp’s holdings in Alibaba Group were worth $1,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. RMB Capital Management LLC raised its stake in shares of Alibaba Group by 199.5% in the first quarter. RMB Capital Management LLC now owns 3,579 shares of the specialty retailer’s stock worth $657,000 after buying an additional 2,384 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Alibaba Group by 20.9% in the first quarter. Commonwealth Equity Services LLC now owns 201,271 shares of the specialty retailer’s stock worth $36,941,000 after buying an additional 34,735 shares during the period. Amplify Investments LLC bought a new position in shares of Alibaba Group in the first quarter worth about $2,198,000. Moneta Group Investment Advisors LLC raised its stake in shares of Alibaba Group by 81.2% in the first quarter. Moneta Group Investment Advisors LLC now owns 1,060 shares of the specialty retailer’s stock worth $195,000 after buying an additional 475 shares during the period. Finally, HRT Financial LLC bought a new position in shares of Alibaba Group in the first quarter worth about $2,808,000. 37.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alibaba Group stock opened at $208.30 on Thursday. The company has a market capitalization of $533.67 billion, a PE ratio of 51.69, a P/E/G ratio of 1.29 and a beta of 2.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.97. Alibaba Group Holding Ltd has a one year low of $124.11 and a one year high of $211.70.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The company had revenue of $9.87 billion during the quarter, compared to analysts’ expectations of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same quarter last year, the firm posted $0.63 EPS. research analysts forecast that Alibaba Group Holding Ltd will post 5.38 earnings per share for the current year.

Several research firms have recently commented on BABA. Raymond James reaffirmed a “strong-buy” rating and issued a $300.00 price objective (up previously from $250.00) on shares of Alibaba Group in a research note on Thursday, May 24th. Wells Fargo & Co reissued an “outperform” rating and set a $220.00 target price on shares of Alibaba Group in a research note on Monday, May 7th. KeyCorp lifted their target price on Alibaba Group from $219.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, May 7th. Benchmark reissued a “buy” rating and set a $245.00 target price on shares of Alibaba Group in a research note on Monday, May 7th. Finally, Oppenheimer lifted their target price on Alibaba Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, May 7th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group presently has an average rating of “Buy” and a consensus target price of $221.04.

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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