D L Carlson Investment Group Inc. Makes New $3.21 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

D L Carlson Investment Group Inc. bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,452 shares of the specialty retailer’s stock, valued at approximately $3,214,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BABA. Graham Capital Wealth Management LLC purchased a new position in Alibaba Group during the first quarter valued at $206,404,000. Milestone Investment Advisors LLC purchased a new position in shares of Alibaba Group during the first quarter valued at approximately $36,000. Syverson Strege & Co bought a new stake in shares of Alibaba Group in the 1st quarter worth approximately $40,000. ST Germain D J Co. Inc. bought a new position in Alibaba Group during the 4th quarter valued at approximately $35,000. Finally, Resurgent Financial Advisors LLC purchased a new position in Alibaba Group during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 14.22% of the company’s stock.

Alibaba Group Trading Down 0.5 %

Shares of Alibaba Group stock opened at $88.31 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $58.01 and a 1-year high of $121.30. The company’s fifty day simple moving average is $93.03 and its 200-day simple moving average is $89.60. The stock has a market capitalization of $226.58 billion, a PE ratio of 18.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.92.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $17.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.59 by $2.78. Alibaba Group had a return on equity of 12.55% and a net margin of 9.45%. The business had revenue of $234.16 billion during the quarter, compared to analyst estimates of $224.75 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. Alibaba Group’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 8.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on Alibaba Group from $137.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. StockNews.com started coverage on shares of Alibaba Group in a research note on Wednesday, August 23rd. They issued a “buy” rating on the stock. HSBC raised their price target on shares of Alibaba Group from $131.00 to $142.00 in a research report on Sunday, August 13th. Loop Capital lifted their target price on Alibaba Group from $130.00 to $135.00 in a report on Tuesday, June 20th. Finally, Sanford C. Bernstein upped their price target on Alibaba Group from $98.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $138.64.

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.