Alibaba Group Holding Ltd (NYSE:BABA) Stake Raised by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,337 shares of the specialty retailer’s stock after purchasing an additional 480 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Alibaba Group were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Thoroughbred Financial Services LLC increased its stake in Alibaba Group by 17,466.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock worth $420,788,000 after purchasing an additional 4,183,930 shares in the last quarter. BlackRock Inc. increased its stake in Alibaba Group by 5.9% in the 1st quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after purchasing an additional 3,969,960 shares in the last quarter. Investec Asset Management LTD increased its stake in Alibaba Group by 87.4% in the 1st quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock worth $973,477,000 after purchasing an additional 2,488,530 shares in the last quarter. FMR LLC increased its stake in Alibaba Group by 11.0% in the 1st quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock worth $3,823,395,000 after purchasing an additional 2,070,115 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in Alibaba Group by 3.6% in the 1st quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after purchasing an additional 1,716,763 shares in the last quarter. 40.84% of the stock is currently owned by hedge funds and other institutional investors.

BABA has been the topic of several research analyst reports. Loop Capital initiated coverage on Alibaba Group in a research note on Monday, June 3rd. They set a “buy” rating and a $250.00 target price on the stock. Barclays lifted their target price on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. KeyCorp reaffirmed an “overweight” rating and set a $240.00 target price (up previously from $210.00) on shares of Alibaba Group in a research note on Tuesday, May 7th. TH Capital lifted their target price on Alibaba Group from $180.00 to $220.00 in a research note on Monday, May 13th. Finally, Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $218.48.

Shares of NYSE BABA traded down $8.00 during trading hours on Monday, hitting $153.00. The stock had a trading volume of 22,915,398 shares, compared to its average volume of 17,023,180. The firm has a market capitalization of $409.65 billion, a P/E ratio of 42.62, a P/E/G ratio of 1.17 and a beta of 2.30. The company’s 50-day moving average price is $170.61. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $195.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. The business had revenue of $93.50 billion during the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.73 EPS. Equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.12 earnings per share for the current fiscal year.

About Alibaba Group

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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