Kistler Tiffany Companies LLC Purchases 1,147 Shares of Alibaba Group Holding Ltd (BABA)

Kistler Tiffany Companies LLC grew its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 30.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,942 shares of the specialty retailer’s stock after acquiring an additional 1,147 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Alibaba Group were worth $814,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. InterOcean Capital LLC acquired a new position in shares of Alibaba Group during the 2nd quarter worth $371,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Alibaba Group by 10,334.1% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 110,601 shares of the specialty retailer’s stock worth $520,000 after buying an additional 109,541 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Alibaba Group by 8.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock worth $2,927,474,000 after buying an additional 1,182,927 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Alibaba Group by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,811,366 shares of the specialty retailer’s stock worth $521,591,000 after buying an additional 229,005 shares in the last quarter. Finally, One Capital Management LLC acquired a new position in shares of Alibaba Group during the 2nd quarter worth $1,698,000. Hedge funds and other institutional investors own 38.67% of the company’s stock.

Shares of BABA opened at $142.02 on Friday. Alibaba Group Holding Ltd has a 12-month low of $135.14 and a 12-month high of $211.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $379.41 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 1.15 and a beta of 2.41.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The firm had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. As a group, research analysts forecast that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Nomura lowered their price target on Alibaba Group from $231.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 24th. UBS Group set a $245.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Friday, August 24th. KeyCorp reissued a “strong-buy” rating on shares of Alibaba Group in a report on Thursday, October 11th. Finally, Raymond James lowered their price target on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and an average target price of $222.48.

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.

Read More: Do You Need a Fiduciary?

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply