Whittier Trust Co. lifted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 52.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,918 shares of the specialty retailer’s stock after purchasing an additional 662 shares during the quarter. Whittier Trust Co.’s holdings in Alibaba Group were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in BABA. First Eagle Investment Management LLC purchased a new position in Alibaba Group during the third quarter valued at approximately $104,000. Lenox Wealth Advisors Inc. raised its position in Alibaba Group by 2,636.4% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 580 shares in the last quarter. Lorber David A purchased a new position in Alibaba Group during the third quarter valued at approximately $109,000. Highlander Capital Management LLC raised its position in Alibaba Group by 478.0% during the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 717 shares in the last quarter. Finally, Private Ocean LLC raised its position in Alibaba Group by 100.0% during the third quarter. Private Ocean LLC now owns 1,000 shares of the specialty retailer’s stock valued at $172,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.

Shares of Alibaba Group Holding Ltd (BABA) opened at $186.76 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $459,086.88, a P/E ratio of 48.38, a PEG ratio of 1.45 and a beta of 2.58. Alibaba Group Holding Ltd has a 12 month low of $100.11 and a 12 month high of $206.20.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). The firm had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period in the prior year, the firm earned $1.30 earnings per share. research analysts predict that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

BABA has been the subject of several recent research reports. KeyCorp set a $182.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and set a $205.00 price target on shares of Alibaba Group in a research report on Friday, October 20th. BidaskClub cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Vetr cut Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $197.98 price target for the company. in a research report on Monday, October 30th. Finally, Barclays lifted their price target on Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $211.14.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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