Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 13,465.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,953 shares of the specialty retailer’s stock after acquiring an additional 8,887 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Alibaba Group were worth $694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $2,452,000. Dakota Wealth Management acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $390,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Alibaba Group by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock valued at $799,000 after buying an additional 743 shares during the period. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Alibaba Group by 46.0% in the 1st quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock valued at $850,000 after buying an additional 2,464 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th. Citigroup reduced their price target on Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Susquehanna reduced their price target on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 8th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Price Performance

Shares of BABA stock traded up $0.04 during trading hours on Thursday, reaching $68.86. The company had a trading volume of 6,381,478 shares, compared to its average volume of 18,235,268. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a fifty day moving average of $73.24 and a 200-day moving average of $76.05. The company has a market capitalization of $174.73 billion, a price-to-earnings ratio of 12.71 and a beta of 0.46. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. Alibaba Group’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $2.44 earnings per share. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.76 earnings per share for the current year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.