Mawer Investment Management Ltd. Acquires 2,600 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

Mawer Investment Management Ltd. increased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 26.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,600 shares of the specialty retailer’s stock after purchasing an additional 2,600 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Alibaba Group were worth $2,135,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. IFG Advisory LLC grew its stake in shares of Alibaba Group by 11.4% in the second quarter. IFG Advisory LLC now owns 2,198 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 225 shares during the last quarter. WCM Investment Management LLC boosted its position in Alibaba Group by 826.0% during the second quarter. WCM Investment Management LLC now owns 773,120 shares of the specialty retailer’s stock valued at $16,376,000 after acquiring an additional 689,634 shares during the last quarter. Private Wealth Partners LLC bought a new stake in Alibaba Group during the second quarter valued at $2,466,000. Matthews International Capital Management LLC boosted its position in Alibaba Group by 34.7% during the second quarter. Matthews International Capital Management LLC now owns 3,175,256 shares of the specialty retailer’s stock valued at $538,047,000 after acquiring an additional 817,200 shares during the last quarter. Finally, H D Vest Advisory Services boosted its position in Alibaba Group by 21.9% during the second quarter. H D Vest Advisory Services now owns 8,322 shares of the specialty retailer’s stock valued at $1,410,000 after acquiring an additional 1,496 shares during the last quarter. 42.12% of the stock is currently owned by institutional investors.

Shares of BABA stock traded down $7.37 on Friday, reaching $164.54. 19,543,742 shares of the company were exchanged, compared to its average volume of 19,698,078. The company has a market cap of $445.88 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 1.08 and a beta of 2.30. The company has a 50-day moving average of $169.64 and a 200-day moving average of $172.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $195.72.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The company had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The firm’s revenue was up 42.0% compared to the same quarter last year. As a group, sell-side analysts predict that Alibaba Group Holding Ltd will post 5.81 EPS for the current year.

A number of brokerages have commented on BABA. SunTrust Banks reaffirmed a “positive” rating and set a $210.00 price target (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, August 15th. Raymond James cut their price target on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. UBS Group set a $210.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, June 11th. Goldman Sachs Group set a $236.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Loop Capital began coverage on shares of Alibaba Group in a research report on Monday, June 3rd. They set a “buy” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $219.81.

Alibaba Group 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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