Sompo Japan Nipponkoa Asset Management CO. LTD. Has $3.87 Million Position in Alibaba Group Holding Ltd (NYSE:BABA)

Share on StockTwits

Sompo Japan Nipponkoa Asset Management CO. LTD. grew its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,920 shares of the specialty retailer’s stock after purchasing an additional 1,160 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Alibaba Group were worth $3,874,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Security National Trust Co. grew its position in Alibaba Group by 2.8% during the fourth quarter. Security National Trust Co. now owns 1,799 shares of the specialty retailer’s stock worth $381,000 after buying an additional 49 shares in the last quarter. CRA Financial Services LLC raised its stake in shares of Alibaba Group by 0.6% in the fourth quarter. CRA Financial Services LLC now owns 8,050 shares of the specialty retailer’s stock valued at $1,707,000 after acquiring an additional 50 shares during the last quarter. Ayrshire Capital Management LLC grew its holdings in Alibaba Group by 0.6% during the 1st quarter. Ayrshire Capital Management LLC now owns 8,642 shares of the specialty retailer’s stock worth $1,681,000 after acquiring an additional 50 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in Alibaba Group by 3.2% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 1,659 shares of the specialty retailer’s stock worth $351,000 after acquiring an additional 51 shares during the period. Finally, Advisory Alpha LLC grew its holdings in Alibaba Group by 14.2% during the 4th quarter. Advisory Alpha LLC now owns 434 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 54 shares during the period. 47.92% of the stock is currently owned by institutional investors.

Shares of BABA stock traded down $12.46 on Friday, reaching $199.70. The stock had a trading volume of 51,903,680 shares, compared to its average volume of 21,330,340. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $201.56 and its two-hundred day moving average is $203.72. The firm has a market capitalization of $539.82 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.40 and a beta of 1.60. Alibaba Group Holding Ltd has a 12 month low of $147.95 and a 12 month high of $231.14.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, May 22nd. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $8.61. The company had revenue of $114.31 billion for the quarter, compared to analysts’ expectations of $108.31 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. Alibaba Group’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.57 EPS. On average, sell-side analysts forecast that Alibaba Group Holding Ltd will post 5.88 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on BABA shares. Raymond James decreased their price target on shares of Alibaba Group from $310.00 to $290.00 and set a “strong-buy” rating for the company in a report on Friday, April 17th. Benchmark reaffirmed a “buy” rating and issued a $275.00 price objective (up from $220.00) on shares of Alibaba Group in a research report on Friday, February 14th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 14th. Argus reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Alibaba Group in a research report on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Thursday. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $244.32.

Alibaba Group Company 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.

Further Reading: How to track put option volume

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply