Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by Moneta Group Investment Advisors LLC

Moneta Group Investment Advisors LLC raised its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 10,334.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,601 shares of the specialty retailer’s stock after acquiring an additional 109,541 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Alibaba Group were worth $520,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hillhouse Capital Management Ltd. raised its stake in shares of Alibaba Group by 318.7% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock worth $1,207,511,000 after buying an additional 4,954,118 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Alibaba Group by 8.1% in the 1st quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock worth $11,201,556,000 after acquiring an additional 4,561,249 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Alibaba Group by 32.9% in the 2nd quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock worth $1,968,114,000 after acquiring an additional 2,626,882 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Alibaba Group by 29.7% in the 1st quarter. Franklin Resources Inc. now owns 7,528,395 shares of the specialty retailer’s stock worth $1,381,773,000 after acquiring an additional 1,723,683 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of Alibaba Group by 20,210.4% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock worth $8,224,000 after acquiring an additional 1,525,075 shares during the last quarter. 38.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on BABA. Wells Fargo & Co lifted their target price on Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, June 14th. BNP Paribas began coverage on Alibaba Group in a report on Thursday, June 14th. They issued a “buy” rating on the stock. Argus began coverage on Alibaba Group in a report on Monday, June 25th. They issued a “buy” rating and a $275.00 target price on the stock. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Susquehanna Bancshares restated a “positive” rating and issued a $305.00 target price on shares of Alibaba Group in a report on Monday, July 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $230.46.

BABA opened at $151.14 on Tuesday. Alibaba Group Holding Ltd has a 1 year low of $148.34 and a 1 year high of $211.70. The firm has a market cap of $421.98 billion, a P/E ratio of 37.35, a PEG ratio of 1.20 and a beta of 2.41. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The company had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. As a group, analysts predict that Alibaba Group Holding Ltd will post 3.96 earnings per share for the current year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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