Lakeview Capital Partners LLC Purchases 213 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

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Lakeview Capital Partners LLC lifted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 12.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,873 shares of the specialty retailer’s stock after acquiring an additional 213 shares during the period. Lakeview Capital Partners LLC’s holdings in Alibaba Group were worth $313,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cypress Wealth Services LLC boosted its position in Alibaba Group by 3.2% during the third quarter. Cypress Wealth Services LLC now owns 1,811 shares of the specialty retailer’s stock worth $303,000 after purchasing an additional 57 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Alibaba Group by 5.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 1,228 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 59 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Alibaba Group by 2.7% during the second quarter. Moneta Group Investment Advisors LLC now owns 2,302 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 60 shares during the period. Pegasus Asset Management Inc. boosted its position in Alibaba Group by 0.8% during the third quarter. Pegasus Asset Management Inc. now owns 7,959 shares of the specialty retailer’s stock worth $1,331,000 after purchasing an additional 62 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its position in Alibaba Group by 1.4% during the second quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after purchasing an additional 63 shares during the period. 43.50% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on BABA. Oppenheimer set a $215.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Jefferies Financial Group began coverage on shares of Alibaba Group in a research report on Monday, August 5th. They issued a “buy” rating and a $216.00 target price for the company. Vertical Group began coverage on shares of Alibaba Group in a research report on Wednesday, October 23rd. They issued a “buy” rating for the company. Nomura set a $215.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus set a $225.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $225.78.

BABA stock traded up $0.50 during midday trading on Friday, reaching $187.16. The company had a trading volume of 19,462,817 shares, compared to its average volume of 15,878,246. The company has a market capitalization of $476.21 billion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 1.23 and a beta of 2.26. The stock has a 50 day moving average price of $173.53 and a 200-day moving average price of $170.99. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 1st. The specialty retailer reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.30. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.72 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. As a group, research analysts anticipate that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current year.

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.

See Also: Net Asset Value

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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