Nomura Holdings Inc. Increases Stake in Alibaba Group Holding Limited (BABA)

Nomura Holdings Inc. grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 310.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,638 shares of the specialty retailer’s stock after buying an additional 152,555 shares during the quarter. Nomura Holdings Inc.’s holdings in Alibaba Group Holding Limited were worth $28,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at approximately $102,000. FNY Managed Accounts LLC bought a new position in shares of Alibaba Group Holding Limited in the 1st quarter valued at approximately $107,000. Lee Financial Co raised its stake in shares of Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 250 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at approximately $116,000. Institutional investors and hedge funds own 37.39% of the company’s stock.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 0.5649% during mid-day trading on Tuesday, reaching $183.1187. The company had a trading volume of 8,308,205 shares. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $184.46. The firm’s 50 day moving average is $174.02 and its 200-day moving average is $142.85. The stock has a market capitalization of $465.67 billion, a P/E ratio of 60.7762 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter last year, the business posted $0.74 EPS. On average, analysts expect that Alibaba Group Holding Limited will post $4.94 earnings per share for the current fiscal year.

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BABA has been the topic of a number of recent analyst reports. Robert W. Baird raised their price objective on Alibaba Group Holding Limited from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $208.00 price objective (up from $200.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, August 20th. MKM Partners reissued a “buy” rating and issued a $220.00 price objective on shares of Alibaba Group Holding Limited in a research note on Monday, October 2nd. J P Morgan Chase & Co initiated coverage on Alibaba Group Holding Limited in a research note on Tuesday, June 27th. They issued an “overweight” rating and a $190.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. raised their price objective on Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research note on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $176.12.

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.

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

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