Sompo Japan Nipponkoa Asset Management CO. LTD. Acquires 1,160 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

Sompo Japan Nipponkoa Asset Management CO. LTD. grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,920 shares of the specialty retailer’s stock after acquiring an additional 1,160 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Alibaba Group were worth $3,874,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Magellan Asset Management Ltd raised its stake in shares of Alibaba Group by 3.5% during the fourth quarter. Magellan Asset Management Ltd now owns 15,663,856 shares of the specialty retailer’s stock valued at $3,322,304,000 after acquiring an additional 534,173 shares during the last quarter. Gradient Investments LLC increased its position in shares of Alibaba Group by 25.7% during the first quarter. Gradient Investments LLC now owns 8,979 shares of the specialty retailer’s stock worth $1,746,000 after buying an additional 1,834 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Alibaba Group by 5.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 350,900 shares of the specialty retailer’s stock worth $68,243,000 after buying an additional 18,000 shares during the period. Advisor Partners LLC increased its position in shares of Alibaba Group by 146.8% during the fourth quarter. Advisor Partners LLC now owns 3,638 shares of the specialty retailer’s stock worth $819,000 after buying an additional 2,164 shares during the period. Finally, Cibc Bank USA increased its position in shares of Alibaba Group by 3.7% during the fourth quarter. Cibc Bank USA now owns 4,570 shares of the specialty retailer’s stock worth $969,000 after buying an additional 162 shares during the period. 47.92% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on BABA. Mizuho increased their price objective on shares of Alibaba Group from $225.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Benchmark reiterated a “buy” rating and set a $275.00 price objective (up from $220.00) on shares of Alibaba Group in a research report on Friday, February 14th. They noted that the move was a valuation call. Argus reiterated a “buy” rating and set a $260.00 price objective on shares of Alibaba Group in a research report on Thursday, February 20th. Raymond James decreased their price objective on shares of Alibaba Group from $310.00 to $290.00 and set a “strong-buy” rating for the company in a research report on Friday, April 17th. Finally, ValuEngine upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $244.32.

Shares of NYSE BABA traded down $12.46 during mid-day trading on Friday, reaching $199.70. 51,903,680 shares of the company’s stock traded hands, compared to its average volume of 21,330,340. The stock has a market cap of $539.82 billion, a P/E ratio of 21.47, a PEG ratio of 1.40 and a beta of 1.60. The business has a 50-day simple moving average of $201.56 and a 200 day simple moving average of $203.72. Alibaba Group Holding Ltd has a 1-year low of $147.95 and a 1-year high of $231.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.75.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, May 22nd. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $8.61. The firm had revenue of $114.31 billion during the quarter, compared to analysts’ expectations of $108.31 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The business’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the company earned $8.57 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.88 earnings per share for the current fiscal year.

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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