Alibaba Group Holding Limited (NYSE:BABA) Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 741,565 shares of the specialty retailer’s stock after selling 7,921 shares during the period. Teacher Retirement System of Texas’ holdings in Alibaba Group Holding Limited were worth $104,487,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BABA. Shine Investment Advisory Services Inc. bought a new position in Alibaba Group Holding Limited during the second quarter worth $102,000. FNY Managed Accounts LLC bought a new position in Alibaba Group Holding Limited during the first quarter worth $107,000. Lee Financial Co increased its position in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares in the last quarter. Webster Bank N. A. increased its position in Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock worth $127,000 after buying an additional 235 shares in the last quarter. Finally, WFG Advisors LP increased its position 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 buying an additional 59 shares in the last quarter. 36.75% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (BABA) opened at 151.77 on Friday. The company has a market capitalization of $383.98 billion, a P/E ratio of 60.06 and a beta of 2.64. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $160.39. The stock has a 50 day moving average of $149.54 and a 200-day moving average of $122.11.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the firm posted $0.47 EPS. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.64 earnings per share for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of equities analysts have weighed in on BABA shares. BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price target on shares of Alibaba Group Holding Limited and gave the stock a “buy” rating in a research note on Friday, June 9th. Benchmark Co. started coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, April 18th. They set a “buy” rating and a $140.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Alibaba Group Holding Limited in a research note on Tuesday, May 23rd. Finally, CIBC increased their price target on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company. Alibaba Group Holding Limited currently has an average rating of “Buy” and a consensus target price of $142.21.

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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