Alibaba Group Holding Ltd (BABA) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,739 shares of the specialty retailer’s stock after buying an additional 11,423 shares during the period. CIBC Private Wealth Group LLC’s holdings in Alibaba Group were worth $27,241,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Norway Savings Bank grew its holdings in shares of Alibaba Group by 640.0% during the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Baystate Wealth Management LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at $31,000. BerganKDV Wealth Management LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at $34,000. Trust Co. of Vermont grew its holdings in shares of Alibaba Group by 58.9% during the 4th quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Alibaba Group during the 4th quarter valued at $38,000. 38.77% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BABA opened at $169.40 on Thursday. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month 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. The stock has a market capitalization of $432.09 billion, a PE ratio of 42.03, a P/E/G ratio of 1.63 and a beta of 2.31.

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 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 firm had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. During the same period last year, the company posted $1.63 EPS. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

BABA has been the topic of several recent research reports. UBS Group reduced their target price on shares of Alibaba Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. ValuEngine raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Macquarie reduced their target price on shares of Alibaba Group from $250.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, October 23rd. Nomura reduced their target price on shares of Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, SunTrust Banks reduced their target price on shares of Alibaba Group from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average target price of $211.09.

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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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