Optimum Investment Advisors increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 23.1% during the first quarter, Holdings Channel reports. The institutional investor owned 1,865 shares of the specialty retailer’s stock after purchasing an additional 350 shares during the period. Optimum Investment Advisors’ holdings in Alibaba Group were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cribstone Capital Management LLC acquired a new position in shares of Alibaba Group in the first quarter valued at $27,000. Archford Capital Strategies LLC grew its stake in shares of Alibaba Group by 80.4% in the fourth quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Norway Savings Bank grew its stake in shares of Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Alibaba Group in the first quarter valued at about $34,000. Finally, Sontag Advisory LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 40.49% of the company’s stock.

Several equities analysts recently commented on BABA shares. Zacks Investment Research upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. TH Capital upped their price target on shares of Alibaba Group from $180.00 to $220.00 in a research note on Monday. Robert W. Baird upped their price target on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Stifel Nicolaus upped their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays upped their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $215.37.

BABA opened at $174.84 on Thursday. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $435.42 billion, a P/E ratio of 43.38, a PEG ratio of 1.41 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business had revenue of $93.50 billion during the quarter, compared to analysts’ expectations of $91.68 billion. During the same quarter in the prior year, the business posted $5.73 earnings per share. Alibaba Group’s revenue was up 51.0% compared to the same quarter last year. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 3.67 EPS for the current fiscal year.

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

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