Trade Report: Today, Tokio Marine Asset Management Co. Ltd. Maintains Position in Alibaba Group Holding Ltd. (BABA)

Today, Tokio Marine Asset Management Co. Ltd. Maintains Position in Alibaba Group Holding Ltd. (BABA)

Tokio Marine Asset Management Co. Ltd. continued to hold its stake in shares of Alibaba Group Holding Ltd. (NYSE:BABA) during the third quarter, Holdings Channel reports. The institutional investor owned 2,600 shares of the company’s stock at the end of the third quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Alibaba Group Holding were worth $275,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. boosted its stake in Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares during the period. Equitec Proprietary Markets LLC purchased a new position in shares of Alibaba Group Holding during the third quarter worth approximately $148,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock worth $191,000 after buying an additional 31 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in shares of Alibaba Group Holding during the second quarter worth approximately $201,000. Finally, United Asset Strategies Inc. purchased a new position in shares of Alibaba Group Holding during the second quarter worth approximately $210,000. Institutional investors own 32.40% of the company’s stock.

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded down 0.19% on Thursday, hitting $93.03. The company had a trading volume of 11,743,806 shares. Alibaba Group Holding Ltd. has a 52 week low of $59.25 and a 52 week high of $109.87. The stock has a market capitalization of $230.53 billion, a PE ratio of 48.94 and a beta of 2.93. The firm’s 50 day moving average price is $99.88 and its 200-day moving average price is $90.77.

Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The business earned $5.14 billion during the quarter, compared to analyst estimates of $5.03 billion. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. During the same quarter in the prior year, the company posted $0.57 EPS. Analysts forecast that Alibaba Group Holding Ltd. will post $3.28 earnings per share for the current fiscal year.

A number of brokerages have commented on BABA. Evercore ISI upped their price objective on Alibaba Group Holding from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 12th. Jefferies Group upped their price objective on Alibaba Group Holding from $103.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 3rd. Brean Capital upped their price objective on Alibaba Group Holding from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 12th. RBC Capital Markets upped their price objective on Alibaba Group Holding from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Alibaba Group Holding in a report on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $117.01.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

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