Alibaba Group Holding Ltd. (BABA) Shares Bought by Retirement Design & Management Inc. ADV

Retirement Design & Management Inc. ADV increased its position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 26,639 shares of the company’s stock after buying an additional 1,396 shares during the period. Alibaba Group Holding comprises 1.3% of Retirement Design & Management Inc. ADV’s holdings, making the stock its 18th largest position. Retirement Design & Management Inc. ADV’s holdings in Alibaba Group Holding were worth $2,119,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Cornerstone Advisors Inc. increased its position in Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock valued at $127,000 after buying an additional 39 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in Alibaba Group Holding during the second quarter valued at approximately $207,000. Eqis Capital Management Inc. increased its position in Alibaba Group Holding by 9.2% in the second quarter. Eqis Capital Management Inc. now owns 2,788 shares of the company’s stock valued at $222,000 after buying an additional 234 shares during the period. SignalPoint Asset Management LLC increased its position in Alibaba Group Holding by 4.9% in the second quarter. SignalPoint Asset Management LLC now owns 2,844 shares of the company’s stock valued at $226,000 after buying an additional 132 shares during the period. Finally, Cupps Capital Management LLC increased its position in Alibaba Group Holding by 23.8% in the first quarter. Cupps Capital Management LLC now owns 3,059 shares of the company’s stock valued at $241,000 after buying an additional 589 shares during the period. 29.15% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding Ltd. (NYSE:BABA) traded up 0.49% on Tuesday, reaching $103.34. The company’s stock had a trading volume of 11,106,198 shares. The firm has a 50-day moving average of $103.49 and a 200 day moving average of $87.01. The company has a market capitalization of $255.56 billion, a price-to-earnings ratio of 36.63 and a beta of 2.94. Alibaba Group Holding Ltd. has a 12-month low of $59.25 and a 12-month high of $109.87.

Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Alibaba Group Holding had a return on equity of 12.31% and a net margin of 42.95%. The company earned $4.84 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business posted $0.59 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Ltd. will post $3.29 EPS for the current fiscal year.

BABA has been the topic of several recent analyst reports. Jefferies Group raised their target price on shares of Alibaba Group Holding from $86.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group Holding from $96.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, August 12th. SunTrust Banks Inc. restated a “buy” rating and issued a $90.00 target price on shares of Alibaba Group Holding in a report on Thursday, June 30th. RBC Capital Markets restated an “outperform” rating and issued a $105.00 target price on shares of Alibaba Group Holding in a report on Thursday, August 11th. Finally, MKM Partners restated a “buy” rating and issued a $130.00 target price on shares of Alibaba Group Holding in a report on Tuesday, September 27th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $113.22.

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.

5 Day Chart for NYSE:BABA

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