Blue Edge Capital LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,334 shares of the specialty retailer’s stock after buying an additional 72 shares during the period. Blue Edge Capital LLC’s holdings in Alibaba Group were worth $1,241,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Claudia M.P. Batlle CRP R LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at $25,000. Slow Capital Inc. acquired a new stake in Alibaba Group in the 3rd quarter valued at $26,000. CVA Family Office LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at $29,000. Horan Capital Advisors LLC. acquired a new stake in Alibaba Group in the 3rd quarter valued at $29,000. Finally, Planned Solutions Inc. increased its holdings in Alibaba Group by 66.7% in the 4th quarter. Planned Solutions Inc. now owns 125 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 40.38% of the company’s stock.
BABA has been the subject of several recent research reports. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $280.00 price target for the company. in a report on Thursday, November 12th. Oppenheimer upped their price objective on shares of Alibaba Group from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, October 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Alibaba Group from $360.00 to $319.00 and set a “buy” rating for the company in a research report on Tuesday, January 26th. Macquarie upped their price objective on shares of Alibaba Group from $387.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Finally, UBS Group upped their price objective on shares of Alibaba Group from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Three equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $321.55.
NYSE BABA traded down $5.65 during trading hours on Tuesday, reaching $248.35. The company’s stock had a trading volume of 506,405 shares, compared to its average volume of 21,523,230. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $254.14 and a 200 day simple moving average of $269.44. Alibaba Group Holding Limited has a 52 week low of $169.95 and a 52 week high of $319.32. The stock has a market cap of $671.94 billion, a PE ratio of 36.44, a PEG ratio of 1.59 and a beta of 0.99.
Alibaba Group (NYSE:BABA) last issued its earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $19.25. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The firm had revenue of $221.08 billion for the quarter, compared to analysts’ expectations of $214.39 billion. During the same quarter last year, the company posted $18.19 earnings per share. Alibaba Group’s revenue was up 36.9% on a year-over-year basis. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.84 EPS for the current year.
About Alibaba Group
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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