Gilder Gagnon Howe & Co. LLC trimmed its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 384,862 shares of the specialty retailer’s stock after selling 872 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Alibaba Group were worth $83,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. JJJ Advisors Inc. grew its stake in shares of Alibaba Group by 180.0% in the 2nd quarter. JJJ Advisors Inc. now owns 140 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Nkcfo LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at $29,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at $36,000. Hoey Investments Inc. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at $38,000. Finally, MBE Wealth Management LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 46.02% of the company’s stock.
NYSE:BABA traded down $1.11 during mid-day trading on Friday, hitting $281.39. The stock had a trading volume of 15,874,732 shares, compared to its average volume of 15,467,563. Alibaba Group Holding Ltd has a twelve month low of $161.68 and a twelve month high of $299.00. The stock has a market cap of $715.97 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 2.19 and a beta of 1.56. The company’s 50 day simple moving average is $261.75 and its 200 day simple moving average is $222.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.98 and a current ratio of 1.98.
Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 20th. The specialty retailer reported $14.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $13.28. Alibaba Group had a net margin of 31.96% and a return on equity of 14.13%. The business had revenue of $153.75 billion during the quarter, compared to the consensus estimate of $147.30 billion. During the same period last year, the business posted $12.55 EPS. Alibaba Group’s revenue was up 33.8% on a year-over-year basis. As a group, equities analysts forecast that Alibaba Group Holding Ltd will post 7.48 earnings per share for the current year.
A number of equities analysts have issued reports on BABA shares. SunTrust Banks reiterated a “buy” rating and set a $250.00 target price on shares of Alibaba Group in a report on Sunday, May 24th. Stifel Nicolaus increased their target price on Alibaba Group from $230.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Bank of America increased their target price on Alibaba Group from $301.00 to $317.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Benchmark increased their target price on Alibaba Group from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Finally, Robert W. Baird increased their target price on Alibaba Group from $230.00 to $275.00 in a report on Thursday, July 16th. Three analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $269.99.
Alibaba Group 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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