Alibaba Group Holding Ltd (BABA)

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THE ALIBABA GROUP HOLDING LIMITED (BABA) SHARES BOUGHT BY INTERMEDE INVESTMENT PARTNERS LTD
January 14, 2017/ Susan G. Crespo
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Intermede Investment Partners Ltd increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 480,919 shares of the company’s stock after buying an additional 5,950 shares during the period. Alibaba Group Holding Limited makes up approximately 5.6% of Intermede Investment Partners Ltd’s portfolio, making the stock its 2nd largest position. Intermede Investment Partners Ltd’s holdings in Alibaba Group Holding Limited were worth $50,876,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BABA. Cornerstone Advisors Inc. raised its stake in Alibaba Group Holding Limited by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares during the period. Equitec Proprietary Markets LLC acquired a new stake in Alibaba Group Holding Limited during the third quarter worth about $148,000. Pinnacle Financial Partners Inc. acquired a new stake in Alibaba Group Holding Limited during the second quarter worth about $201,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Alibaba Group Holding Limited during the second quarter worth about $207,000. Finally, United Asset Strategies Inc. acquired a new stake in Alibaba Group Holding Limited during the second quarter worth about $210,000. 34.74% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE:BABA) traded up 0.55% during mid-day trading on Monday, reaching $87.81. The company’s stock had a trading volume of 7,211,060 shares. Alibaba Group Holding Limited has a 52-week low of $59.25 and a 52-week high of $109.87. The company has a market cap of $217.59 billion, a price-to-earnings ratio of 47.24 and a beta of 2.69. The firm has a 50 day moving average price of $90.97 and a 200 day moving average price of $92.91.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Wednesday, November 2nd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The company earned $5.14 billion during the quarter, compared to the consensus estimate of $5.03 billion. Alibaba Group Holding Limited had a return on equity of 13.29% and a net margin of 26.44%. During the same period last year, the business posted $0.57 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $3.23 earnings per share for the current year.

Several analysts have recently weighed in on BABA shares. Cantor Fitzgerald reissued a “buy” rating on shares of Alibaba Group Holding Limited in a report on Friday, September 9th. Bank of America Corporation reissued a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Alibaba Group Holding Limited in a report on Tuesday, September 20th. Stifel Nicolaus lifted their price objective on Alibaba Group Holding Limited from $104.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, September 22nd.

Vetr lowered Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $113.29 price objective on the stock. in a report on Thursday, September 22nd. Finally, Brean Capital reissued a “buy” rating on shares of Alibaba Group Holding Limited in a report on Friday, September 23rd. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and an average price target of $117.27.




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