Gamble Jones Investment Counsel grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 12.1% during the 1st quarter, Holdings Channel reports. The firm owned 34,862 shares of the specialty retailer’s stock after buying an additional 3,754 shares during the period. Gamble Jones Investment Counsel’s holdings in Alibaba Group were worth $6,399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MUFG Americas Holdings Corp acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $101,000. Avestar Capital LLC acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $102,000. Lenox Wealth Advisors Inc. boosted its position in shares of Alibaba Group by 2,636.4% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 580 shares during the last quarter. Trustcore Financial Services LLC acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $107,000. Finally, Riverhead Capital Management LLC acquired a new position in shares of Alibaba Group during the 1st quarter valued at about $110,000. 37.80% of the stock is currently owned by institutional investors.

Shares of NYSE:BABA opened at $199.20 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. The stock has a market cap of $505.49 billion, a price-to-earnings ratio of 49.43, a price-to-earnings-growth ratio of 1.23 and a beta of 2.52. Alibaba Group Holding Ltd has a 1 year low of $121.95 and a 1 year high of $206.20.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The business had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same quarter last year, the company earned $0.63 earnings per share. analysts anticipate that Alibaba Group Holding Ltd will post 5.38 EPS for the current fiscal year.

Several research analysts have recently weighed in on BABA shares. Stifel Nicolaus reissued a “buy” rating and set a $230.00 price target (up previously from $210.00) on shares of Alibaba Group in a research report on Sunday, January 28th. Morgan Stanley set a $250.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research report on Monday, January 29th. MKM Partners boosted their price target on shares of Alibaba Group to $260.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Vetr cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $208.51 price target on the stock. in a research report on Wednesday, February 14th. Finally, KeyCorp lowered their price target on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $221.04.

About Alibaba Group

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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