Alibaba Group Holding Ltd (BABA) Shares Bought by Taylor Hoffman Wealth Management

Taylor Hoffman Wealth Management increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,282 shares of the specialty retailer’s stock after purchasing an additional 76 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Alibaba Group were worth $175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. grew its stake in Alibaba Group by 5.4% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 66 shares during the last quarter. Enterprise Financial Services Corp grew its stake in Alibaba Group by 25.5% in the 4th quarter. Enterprise Financial Services Corp now owns 354 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 72 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in Alibaba Group by 18.3% in the 4th quarter. Arcadia Investment Management Corp MI now owns 485 shares of the specialty retailer’s stock valued at $66,000 after acquiring an additional 75 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in Alibaba Group by 0.6% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 13,130 shares of the specialty retailer’s stock valued at $1,800,000 after acquiring an additional 80 shares during the last quarter. Finally, Gofen & Glossberg LLC IL grew its stake in Alibaba Group by 4.1% in the 4th quarter. Gofen & Glossberg LLC IL now owns 2,158 shares of the specialty retailer’s stock valued at $296,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

Shares of BABA stock traded up $1.44 during trading hours on Monday, hitting $168.80. 131,070 shares of the company were exchanged, compared to its average volume of 14,351,973. The firm has a market cap of $428.63 billion, a P/E ratio of 41.95, a PEG ratio of 1.63 and a beta of 2.31. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year 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.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. During the same period in the prior year, the firm posted $1.63 EPS. The company’s revenue was up 41.3% on a year-over-year basis. Analysts expect that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.

BABA has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $180.00 price target (up from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. ValuEngine cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. Susquehanna Bancshares decreased their price target on shares of Alibaba Group from $295.00 to $220.00 and set a “positive” rating on the stock in a research note on Monday, October 15th. Goldman Sachs Group reaffirmed a “buy” rating and set a $234.00 price target on shares of Alibaba Group in a research note on Monday, November 12th. Finally, MKM Partners decreased their price target on shares of Alibaba Group from $270.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $211.09.

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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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