Clearwater Capital Advisors LLC decreased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 9.9% in the first quarter, HoldingsChannel.com reports. The firm owned 2,782 shares of the specialty retailer’s stock after selling 304 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in Alibaba Group were worth $508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. RDA Financial Network bought a new position in Alibaba Group in the 1st quarter worth approximately $1,341,000. Girard Partners LTD. raised its position in Alibaba Group by 13.0% in the 4th quarter. Girard Partners LTD. now owns 1,258 shares of the specialty retailer’s stock worth $172,000 after purchasing an additional 145 shares during the last quarter. CX Institutional raised its position in Alibaba Group by 1,240.0% in the 1st quarter. CX Institutional now owns 268 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 248 shares during the last quarter. Capital Financial Planning LLC bought a new position in Alibaba Group in the 4th quarter worth approximately $29,000. Finally, Optimus Prime Fund Management Co. Ltd. bought a new position in Alibaba Group in the 4th quarter worth approximately $15,434,000. Hedge funds and other institutional investors own 40.68% of the company’s stock.

Several research firms recently weighed in on BABA. Benchmark restated a “buy” rating and issued a $220.00 price objective (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Loop Capital began coverage on shares of Alibaba Group in a report on Monday, June 3rd. They set a “buy” rating and a $250.00 target price for the company. ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Friday, May 24th. Finally, Barclays lifted their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and an average price target of $218.39.

BABA opened at $160.04 on Thursday. The firm has a market capitalization of $416.57 billion, a P/E ratio of 44.58, a P/E/G ratio of 1.19 and a beta of 2.32. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $211.12. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the consensus estimate of $0.75 by $7.82. The business had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The firm’s revenue was up 51.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.73 EPS. As a group, equities analysts forecast that Alibaba Group Holding Ltd will post 5.1 EPS for the current year.

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About Alibaba Group

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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