Alibaba Group Holding Ltd (BABA) Stake Raised by Randolph Co Inc

Randolph Co Inc increased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,473 shares of the specialty retailer’s stock after purchasing an additional 3,760 shares during the period. Randolph Co Inc’s holdings in Alibaba Group were worth $6,174,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. grew its position in Alibaba Group by 195.1% during the second quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 400 shares during the period. Stelac Advisory Services LLC purchased a new stake in Alibaba Group during the second quarter valued at about $116,000. Clarus Wealth Advisors purchased a new stake in Alibaba Group during the second quarter valued at about $125,000. American National Bank grew its position in Alibaba Group by 55.8% during the second quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 285 shares during the period. Finally, Trilogy Capital Inc. purchased a new stake in Alibaba Group during the first quarter valued at about $159,000. 38.64% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:BABA traded down $6.41 during trading on Thursday, hitting $141.73. The company’s stock had a trading volume of 925,448 shares, compared to its average volume of 20,446,533. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.44. Alibaba Group Holding Ltd has a fifty-two week low of $135.14 and a fifty-two week high of $211.70. The stock has a market cap of $421.98 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 1.20 and a beta of 2.41.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The business had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. On average, equities research analysts predict that Alibaba Group Holding Ltd will post 3.96 EPS for the current year.

A number of equities research analysts have issued reports on BABA shares. Wells Fargo & Co reissued a “buy” rating on shares of Alibaba Group in a research report on Wednesday, July 11th. UBS Group set a $245.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, August 24th. Nomura decreased their target price on Alibaba Group from $231.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $256.00 target price on shares of Alibaba Group in a research report on Thursday, August 23rd. Finally, MED decreased their target price on Alibaba Group to $196.00 and set a “buy” rating for the company in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $222.48.

Alibaba Group Company 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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