Alibaba Group Holding Ltd (BABA) Shares Bought by Canal Capital Management LLC

Canal Capital Management LLC boosted its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 18.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,846 shares of the specialty retailer’s stock after acquiring an additional 1,069 shares during the quarter. Canal Capital Management LLC’s holdings in Alibaba Group were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Palo Capital Inc. purchased a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $171,000. Kistler Tiffany Companies LLC grew its stake in shares of Alibaba Group by 10.9% in the 4th quarter. Kistler Tiffany Companies LLC now owns 5,480 shares of the specialty retailer’s stock valued at $751,000 after purchasing an additional 538 shares during the last quarter. Crestline Management LP purchased a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $2,142,000. CWM LLC boosted its stake in shares of Alibaba Group by 37.9% in the third quarter. CWM LLC now owns 23,426 shares of the specialty retailer’s stock valued at $3,860,000 after buying an additional 6,441 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Alibaba Group by 14.8% in the third quarter. Sunbelt Securities Inc. now owns 7,879 shares of the specialty retailer’s stock valued at $1,298,000 after buying an additional 1,014 shares in the last quarter. Institutional investors own 38.77% of the company’s stock.

BABA opened at $169.40 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $432.09 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 1.63 and a beta of 2.31. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $211.70.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. The company had revenue of $117.28 billion for the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. Alibaba Group’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. On average, equities analysts anticipate that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

A number of research firms recently weighed in on BABA. Argus restated a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. Oppenheimer lifted their price target on Alibaba Group from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. Barclays restated an “overweight” rating and issued a $200.00 price target (up from $195.00) on shares of Alibaba Group in a research note on Thursday, January 31st. KeyCorp restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, Macquarie restated an “outperform” rating and issued a $224.00 price target (up from $220.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and a consensus target price of $211.09.

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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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