Schnieders Capital Management LLC Increases Position in Alibaba Group Holding Limited (NYSE:BABA)

Schnieders Capital Management LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other large investors also recently bought and sold shares of BABA. Private Trust Co. NA bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $253,000. Horan Capital Management bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $738,000. Verde Servicos Internacionais S.A. bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $5,211,000. Daiwa SB Investments Ltd. raised its stake in Alibaba Group Holding Limited by 0.8% in the first quarter. Daiwa SB Investments Ltd. now owns 96,850 shares of the specialty retailer’s stock worth $10,443,000 after buying an additional 800 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Alibaba Group Holding Limited by 45.1% in the first quarter. Bank of Montreal Can now owns 561,404 shares of the specialty retailer’s stock worth $60,536,000 after buying an additional 174,597 shares in the last quarter. 36.81% of the stock is currently owned by institutional investors.

Alibaba Group Holding Limited (NYSE BABA) opened at 167.50 on Friday. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $169.50. The firm has a market capitalization of $425.95 billion, a PE ratio of 56.78 and a beta of 2.64. The company’s 50-day moving average price is $152.41 and its 200 day moving average price is $124.57. Alibaba Group Holding Limited also saw some unusual options trading on Wednesday. Investors bought 85,508 put options on the company. This represents an increase of approximately 228% compared to the typical volume of 26,062 put options.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.42% and a net margin of 28.77%. The company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, analysts forecast that Alibaba Group Holding Limited will post $4.74 earnings per share for the current year.

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

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A number of research firms have issued reports on BABA. Macquarie increased their price target on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America Corporation raised their target price on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada raised their target price on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday. J P Morgan Chase & Co raised their target price on Alibaba Group Holding Limited to $205.00 and gave the stock an “overweight” rating in a research report on Friday. They noted that the move was a valuation call. Finally, KeyCorp set a $182.00 target price on Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and a consensus price target of $157.29.

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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