Alibaba Group Holding Limited (NYSE:BABA) Position Maintained by Hoertkorn Richard Charles

Paterniano Del Favero
Agosto 15, 2017

Shellback Capital Lp sold 10,000 shares as Alibaba Group Hldg Ltd (BABA)'s stock rose 22.58%. State Street Corp now owns 18,826,837 shares of the specialty retailer's stock valued at $2,030,102,000 after buying an additional 329,969 shares during the last quarter. Teachers Retirement System of The State of Kentucky's holdings in Alibaba Group Holding Limited were worth $8,918,000 at the end of the most recent reporting period.

Now the shares of Alibaba Group Holding Limited (BABA) has the trading volume of 22.29 Million shares with the average trading volume of 15200 shares. WFG Advisors LP increased its position in shares of Alibaba Group Holding Limited by 5.3% in the first quarter. Raymond James Trust N.A. now owns 11,220 shares of the specialty retailer's stock valued at $1,210,000 after buying an additional 98 shares during the last quarter. CWM boosted its stake in Alibaba Group Holding by 2.7% in the Q1. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer's stock valued at $1,453,929,000 after buying an additional 4,813,431 shares during the last quarter. Bank of The West boosted its position in Alibaba Group Holding Limited by 3.1% in the second quarter. Bank of Montreal Can now owns 561,404 shares of the specialty retailer's stock worth $60,536,000 after buying an additional 174,597 shares during the period. Reliance Trust of DE raised its position in Alibaba Group Holding by 31.5% in the Q1. Overall, the share price is up 72.76% year to date. Institutional investors and hedge funds own 36.75% of the company's stock. The company's 50-day moving average price is $149.81 and its 200-day moving average price is $122.49. Alibaba Group Holding Limited has a 1-year low of $84.30 and a 1-year high of $160.39. The company has a market cap of $398.48 billion, a price-to-earnings ratio of 62.75 and a beta of 2.64.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.64 by $0.01. Morgan Stanley maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Monday, January 25. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The specialty retailer posted $0.63 EPS for the period, falling below brokerage firms expectations of $0.64 by $0.01. Equities research analysts expect that Alibaba Group Holding Limited will post $4.64 EPS for the current fiscal year. The company had a trading volume of 22,327,427 shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. The firm bought 3,020 shares of the specialty retailer's stock, valued at approximately $326,000.

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BABA has been the subject of a number of research analyst reports. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since August 14, 2016 and is uptrending. Oppenheimer Holdings, Inc. reissued an "outperform" rating and set a $140.00 price target (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research report on Monday, May 22nd. While looking the figure depicted by the Price to Earning we can suggest that the shares of Alibaba Group Holding Limited (BABA) are overvalued. A rating of 4 or 5 would represent a Sell recommendation. Stifel Nicolaus restated a "buy" rating and set a $139.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Alibaba Group Hldg Ltd now has $388.53B valuation. 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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