Sanibel Captiva Trust Company Inc. Has $806,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Sanibel Captiva Trust Company Inc. raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 36.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,200 shares of the specialty retailer’s stock after purchasing an additional 3,000 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Alibaba Group were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. boosted its holdings in Alibaba Group by 5,797,500.0% during the second quarter. China Universal Asset Management Co. Ltd. now owns 57,976 shares of the specialty retailer’s stock valued at $4,289,000 after purchasing an additional 57,975 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Alibaba Group in the 2nd quarter worth approximately $70,000. Greylin Investment Management Inc boosted its holdings in shares of Alibaba Group by 40.6% in the 2nd quarter. Greylin Investment Management Inc now owns 104,512 shares of the specialty retailer’s stock worth $7,525,000 after acquiring an additional 30,153 shares in the last quarter. Western Wealth Management LLC boosted its holdings in shares of Alibaba Group by 48.5% in the 2nd quarter. Western Wealth Management LLC now owns 4,641 shares of the specialty retailer’s stock worth $334,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Alibaba Group by 5.4% in the 2nd quarter. Raymond James & Associates now owns 394,746 shares of the specialty retailer’s stock worth $28,422,000 after acquiring an additional 20,288 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho reduced their target price on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Loop Capital boosted their price objective on shares of Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Susquehanna dropped their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday. Robert W. Baird boosted their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.32.

Alibaba Group Trading Down 3.4 %

Shares of Alibaba Group stock traded down $2.87 on Tuesday, hitting $81.04. 16,247,750 shares of the company’s stock traded hands, compared to its average volume of 16,696,355. The stock has a market capitalization of $205.64 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $96.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s 50-day moving average price is $76.73 and its two-hundred day moving average price is $76.07.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.47 EPS. On average, research analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal 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.