Paloma Partners Management Co Acquires Shares of 9,263 Alibaba Group Holding Ltd (BABA)

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Paloma Partners Management Co acquired a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 9,263 shares of the specialty retailer’s stock, valued at approximately $1,526,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Honkamp Krueger Financial Services Inc. purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $107,000. AlphaMark Advisors LLC grew its stake in Alibaba Group by 468.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 750 shares during the period. Avestar Capital LLC grew its stake in Alibaba Group by 55.2% in the 3rd quarter. Avestar Capital LLC now owns 1,082 shares of the specialty retailer’s stock worth $154,000 after acquiring an additional 385 shares during the period. Columbia Asset Management purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $160,000. Finally, Mainstay Capital Management LLC ADV grew its stake in Alibaba Group by 5,724.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 21,607 shares of the specialty retailer’s stock worth $165,000 after acquiring an additional 21,236 shares during the period. 38.68% of the stock is owned by institutional investors and hedge funds.

NYSE:BABA opened at $149.00 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The firm has a market cap of $381.61 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 1.37 and a beta of 2.37. Alibaba Group Holding Ltd has a twelve month low of $130.06 and a twelve month high of $211.70.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The business’s quarterly revenue was up 49.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. Sell-side analysts forecast that Alibaba Group Holding Ltd will post 3.48 EPS for the current year.

Several analysts have commented on BABA shares. Jefferies Financial Group lowered their target price on shares of Alibaba Group to $225.00 and set a “buy” rating for the company in a research note on Friday, August 24th. Argus lowered their target price on shares of Alibaba Group from $275.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, August 24th. UBS Group set a $245.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, August 24th. Nomura decreased their price target on shares of Alibaba Group from $231.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $256.00 price target on shares of Alibaba Group in a report on Thursday, August 23rd. One equities research analyst has 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 currently has a consensus rating of “Buy” and a consensus target price of $213.53.

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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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