Alibaba Group Holding Limited (BABA) Stake Increased by National Asset Management Inc.

National Asset Management Inc. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 12.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,049 shares of the specialty retailer’s stock after purchasing an additional 1,772 shares during the quarter. National Asset Management Inc.’s holdings in Alibaba Group Holding Limited were worth $2,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BABA. State of Wisconsin Investment Board purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at $484,000. WFG Advisors LP lifted its stake in Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after acquiring an additional 59 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in Alibaba Group Holding Limited by 5.4% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,325,662 shares of the specialty retailer’s stock worth $142,946,000 after acquiring an additional 67,459 shares during the period. Tredje AP fonden purchased a new stake in Alibaba Group Holding Limited in the first quarter worth about $2,157,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in Alibaba Group Holding Limited by 22.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 334,945 shares of the specialty retailer’s stock worth $36,117,000 after acquiring an additional 61,459 shares during the period. 37.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 1.819% on Thursday, hitting $181.331. The stock had a trading volume of 11,195,149 shares. The stock has a market cap of $461.12 billion, a P/E ratio of 60.183 and a beta of 2.60. The firm has a 50 day moving average of $174.71 and a 200 day moving average of $143.69. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same period in the previous year, the business earned $0.74 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.99 earnings per share for the current fiscal year.

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A number of equities analysts have commented on the stock. Macquarie boosted their target price on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation boosted their target price on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Credit Suisse Group reiterated an “outperform” rating and issued a $220.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, October 3rd. BidaskClub upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, SunTrust Banks, Inc. assumed coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $177.09.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. 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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Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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