Putnam FL Investment Management Co. acquired a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the fourth quarter, Holdings Channel reports. The fund acquired 4,870 shares of the specialty retailer’s stock, valued at approximately $840,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC lifted its stake in Alibaba Group by 5.3% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock worth $952,000 after purchasing an additional 280 shares during the last quarter. Keybank National Association OH lifted its stake in Alibaba Group by 2.5% in the third quarter. Keybank National Association OH now owns 11,692 shares of the specialty retailer’s stock worth $2,019,000 after purchasing an additional 284 shares during the last quarter. North Star Asset Management Inc. lifted its stake in Alibaba Group by 1.3% in the fourth quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock worth $3,861,000 after purchasing an additional 284 shares during the last quarter. Sii Investments Inc. WI lifted its stake in Alibaba Group by 1.3% in the third quarter. Sii Investments Inc. WI now owns 21,950 shares of the specialty retailer’s stock worth $3,820,000 after purchasing an additional 288 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in Alibaba Group by 5.7% in the third quarter. Westside Investment Management Inc. now owns 5,393 shares of the specialty retailer’s stock worth $982,000 after purchasing an additional 289 shares during the last quarter. 37.96% of the stock is owned by institutional investors.

Alibaba Group Holding Ltd (NYSE:BABA) opened at $176.67 on Friday. Alibaba Group Holding Ltd has a 52-week low of $100.11 and a 52-week high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $460,220.00, a PE ratio of 43.20, a price-to-earnings-growth ratio of 1.41 and a beta of 2.58.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. equities research analysts expect that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $185.00 price target on shares of Alibaba Group in a research note on Monday, October 16th. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 price target for the company. in a research note on Tuesday, January 23rd. Robert W. Baird boosted their price target on shares of Alibaba Group to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Bank of America reissued a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $211.40.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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