Alibaba Group Holding Limited (BABA) Stake Increased by Baldwin Brothers Inc. MA

Baldwin Brothers Inc. MA boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,825 shares of the specialty retailer’s stock after buying an additional 300 shares during the period. Baldwin Brothers Inc. MA’s holdings in Alibaba Group Holding Limited were worth $398,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new stake in Alibaba Group Holding Limited during the fourth quarter valued at approximately $31,651,000. UBS Asset Management Americas Inc. raised its stake in Alibaba Group Holding Limited by 7.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 10,167,080 shares of the specialty retailer’s stock valued at $892,772,000 after buying an additional 676,000 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in Alibaba Group Holding Limited by 10.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,545 shares of the specialty retailer’s stock valued at $473,000 after buying an additional 414 shares during the last quarter. Macquarie Group Ltd. raised its stake in Alibaba Group Holding Limited by 10.2% in the fourth quarter. Macquarie Group Ltd. now owns 1,635,764 shares of the specialty retailer’s stock valued at $143,627,000 after buying an additional 151,640 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC raised its stake in Alibaba Group Holding Limited by 22.9% in the first quarter. Atalanta Sosnoff Capital LLC now owns 452,439 shares of the specialty retailer’s stock valued at $48,786,000 after buying an additional 84,437 shares during the last quarter. 36.75% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at 151.70 on Friday. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $160.39. The firm has a 50 day moving average price of $149.81 and a 200-day moving average price of $122.49. The firm 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 (NYSE:BABA) last issued its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post $4.64 EPS for the current fiscal year.

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

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Several equities analysts have recently issued reports on the stock. 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 on the stock. MKM Partners restated a “buy” rating and set a $130.00 price objective on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. Standpoint Research downgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “reduce” rating in a report on Thursday, April 20th. They noted that the move was a valuation call. Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $131.78 price objective on the stock. in a report on Tuesday, May 2nd. Finally, Needham & Company LLC upped their price objective on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $142.21.

About Alibaba Group Holding Limited

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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