FLC Capital Advisors increased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 63.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,128 shares of the specialty retailer’s stock after acquiring an additional 1,220 shares during the quarter. FLC Capital Advisors’ holdings in Alibaba Group were worth $527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. RDA Financial Network bought a new stake in shares of Alibaba Group in the 1st quarter valued at about $1,341,000. M Holdings Securities Inc. raised its position in Alibaba Group by 8.5% during the 1st quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock valued at $1,604,000 after purchasing an additional 685 shares during the last quarter. Soma Equity Partners LP raised its position in Alibaba Group by 6.7% during the 1st quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock valued at $87,576,000 after purchasing an additional 30,000 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA raised its position in Alibaba Group by 5.5% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock valued at $4,592,000 after purchasing an additional 1,320 shares during the last quarter. Finally, TCG Advisors LP bought a new position in Alibaba Group during the 1st quarter valued at approximately $105,000. Hedge funds and other institutional investors own 42.12% of the company’s stock.

Shares of NYSE:BABA traded up $2.40 during trading on Monday, hitting $177.00. The stock had a trading volume of 741,606 shares, compared to its average volume of 19,949,474. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $424.84 billion, a PE ratio of 49.23, a PEG ratio of 1.50 and a beta of 2.30. The firm’s fifty day moving average is $169.46 and its 200 day moving average is $172.75. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.32. The company had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a return on equity of 14.87% and a net margin of 24.40%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. Equities research analysts expect that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.

A number of research analysts have commented on the company. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th. TH Capital upped their price target on Alibaba Group from $180.00 to $220.00 in a research report on Monday, May 13th. Macquarie set a $226.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, June 19th. UBS Group set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group assumed coverage on Alibaba Group in a research report on Monday, August 5th. They issued a “buy” rating and a $216.00 target price for the company. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $218.89.

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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