Charter Trust Co. Boosts Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

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Charter Trust Co. boosted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,326 shares of the specialty retailer’s stock after purchasing an additional 522 shares during the period. Charter Trust Co.’s holdings in Alibaba Group were worth $1,230,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BABA. Norges Bank bought a new stake in shares of Alibaba Group in the fourth quarter valued at $5,093,652,000. GQG Partners LLC raised its stake in shares of Alibaba Group by 2,641.0% in the fourth quarter. GQG Partners LLC now owns 7,640,310 shares of the specialty retailer’s stock valued at $1,620,851,000 after buying an additional 7,361,567 shares during the period. State Street Corp raised its stake in shares of Alibaba Group by 18.7% in the fourth quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after buying an additional 5,605,966 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Alibaba Group by 12.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock valued at $5,674,477,000 after buying an additional 2,941,744 shares during the period. Finally, Baillie Gifford & Co. raised its stake in shares of Alibaba Group by 4.2% in the fourth quarter. Baillie Gifford & Co. now owns 51,700,537 shares of the specialty retailer’s stock valued at $10,965,684,000 after buying an additional 2,069,139 shares during the period. 47.22% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. SunTrust Banks reiterated a “buy” rating and set a $250.00 price objective on shares of Alibaba Group in a research note on Sunday, May 24th. ValuEngine upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Robert W. Baird reiterated a “buy” rating and set a $230.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 14th. Royal Bank of Canada boosted their price objective on Alibaba Group from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Finally, UBS Group decreased their price objective on Alibaba Group from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Three research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $245.21.

Shares of BABA traded down $6.67 during midday trading on Thursday, reaching $217.01. The stock had a trading volume of 567,023 shares, compared to its average volume of 18,326,912. The company’s 50-day moving average is $205.80 and its 200 day moving average is $206.20. Alibaba Group Holding Ltd has a 12-month low of $151.85 and a 12-month high of $231.14. The company has a current ratio of 1.91, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $553.75 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.58.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, May 22nd. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $8.61. Alibaba Group had a return on equity of 14.56% and a net margin of 29.16%. The firm had revenue of $114.31 billion during the quarter, compared to analysts’ expectations of $108.31 billion. During the same period in the prior year, the business earned $8.57 EPS. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Ltd will post 6.94 EPS for the current fiscal year.

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.

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

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