AMG National Trust Bank Has $3.85 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

AMG National Trust Bank raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,277 shares of the specialty retailer’s stock after buying an additional 329 shares during the period. AMG National Trust Bank’s holdings in Alibaba Group were worth $3,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co grew its position in Alibaba Group by 462.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after acquiring an additional 139,134 shares during the last quarter. Generate Investment Management Ltd bought a new stake in shares of Alibaba Group during the third quarter worth about $12,656,000. SRN Advisors LLC increased its stake in shares of Alibaba Group by 76.7% in the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after buying an additional 9,663 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after acquiring an additional 50,000 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $89.37 on Tuesday. The stock’s 50 day moving average is $98.34 and its 200-day moving average is $85.77. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $213.99 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.39 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period last year, the company earned $1.82 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BABA. Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Susquehanna reduced their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Finally, Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.53.

About Alibaba Group

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.