Kingfisher Capital LLC Has $618,000 Stake in Alibaba Group Holding Ltd (BABA)

Kingfisher Capital LLC increased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 25.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,369 shares of the specialty retailer’s stock after acquiring an additional 688 shares during the period. Kingfisher Capital LLC’s holdings in Alibaba Group were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BABA. Keybank National Association OH lifted its stake in Alibaba Group by 43.7% in the 4th quarter. Keybank National Association OH now owns 16,801 shares of the specialty retailer’s stock valued at $2,897,000 after buying an additional 5,109 shares in the last quarter. Global Financial Private Capital LLC lifted its stake in Alibaba Group by 46.7% in the 4th quarter. Global Financial Private Capital LLC now owns 3,284 shares of the specialty retailer’s stock valued at $566,000 after buying an additional 1,046 shares in the last quarter. MUFG Americas Holdings Corp purchased a new position in Alibaba Group in the 4th quarter valued at about $101,000. Ahrens Investment Partners LLC lifted its stake in Alibaba Group by 64.3% in the 4th quarter. Ahrens Investment Partners LLC now owns 4,517 shares of the specialty retailer’s stock valued at $779,000 after buying an additional 1,767 shares in the last quarter. Finally, GWM Advisors LLC lifted its stake in Alibaba Group by 22.8% in the 4th quarter. GWM Advisors LLC now owns 2,991 shares of the specialty retailer’s stock valued at $569,000 after buying an additional 555 shares in the last quarter. 37.91% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of BABA stock traded down $1.33 during trading on Monday, hitting $206.67. 312,993 shares of the stock traded hands, compared to its average volume of 16,003,160. The firm has a market cap of $532.72 billion, a PE ratio of 51.27, a PEG ratio of 1.29 and a beta of 2.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. Alibaba Group Holding Ltd has a 52-week low of $133.55 and a 52-week high of $211.70.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). The firm had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same period in the previous year, the firm posted $0.63 EPS. equities research analysts predict that Alibaba Group Holding Ltd will post 5.36 EPS for the current fiscal year.

A number of brokerages recently weighed in on BABA. Wells Fargo & Co raised their price target on shares of Alibaba Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday. Susquehanna Bancshares raised their price target on shares of Alibaba Group from $220.00 to $305.00 and gave the company a “positive” rating in a research note on Thursday, June 7th. BNP Paribas began coverage on shares of Alibaba Group in a research note on Thursday. They issued a “buy” rating on the stock. Raymond James reaffirmed a “strong-buy” rating and issued a $300.00 price target (up from $250.00) on shares of Alibaba Group in a research note on Thursday, May 24th. Finally, MKM Partners raised their price target on shares of Alibaba Group from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 18th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $224.75.

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.

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

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