Schnieders Capital Management LLC Buys 125 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Schnieders Capital Management LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,125 shares of the specialty retailer’s stock after buying an additional 125 shares during the period. Schnieders Capital Management LLC’s holdings in Alibaba Group Holding Limited were worth $440,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BABA. BlackRock Inc. boosted its stake in shares of Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Alibaba Group Holding Limited by 3.3% in the first quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock valued at $2,657,606,000 after buying an additional 776,232 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares in the last quarter. State Street Corp boosted its stake in shares of Alibaba Group Holding Limited by 1.8% in the first quarter. State Street Corp now owns 18,826,837 shares of the specialty retailer’s stock valued at $2,030,102,000 after buying an additional 329,969 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Alibaba Group Holding Limited by 3.8% in the first quarter. FMR LLC now owns 17,733,916 shares of the specialty retailer’s stock valued at $1,912,249,000 after buying an additional 642,778 shares in the last quarter. Institutional investors own 36.75% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) traded down 0.05% during trading on Friday, hitting $151.70. 22,290,556 shares of the company traded hands. The stock has a 50 day moving average price of $149.54 and a 200 day moving average price of $122.11. The company has a market capitalization of $383.80 billion, a P/E ratio of 60.03 and a beta of 2.64. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $160.39.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the 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 firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the business posted $0.47 EPS. On average, equities analysts anticipate 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 authorized a stock repurchase program on Thursday, May 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the company a “buy” rating in a report on Friday, June 9th. Benchmark Co. assumed coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. They set a “buy” rating and a $140.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and set a $120.00 price objective on shares of Alibaba Group Holding Limited in a report on Tuesday, May 23rd. Finally, CIBC boosted their price objective on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target 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.

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

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