Cypress Wealth Advisors LLC Takes $214,000 Position in Alibaba Group Holding Limited (BABA)

Cypress Wealth Advisors LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,517 shares of the specialty retailer’s stock, valued at approximately $214,000.

A number of other large investors have also bought and sold shares of BABA. BlackRock Inc. increased its holdings in shares of Alibaba Group Holding Limited by 2,538.7% during the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. FMR LLC increased its holdings in shares of Alibaba Group Holding Limited by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Alibaba Group Holding Limited by 87.4% during the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock worth $1,453,929,000 after buying an additional 4,813,431 shares in the last quarter. Third Point LLC acquired a new stake in shares of Alibaba Group Holding Limited during the second quarter worth approximately $634,050,000. Finally, Hillhouse Capital Management Ltd. increased its holdings in shares of Alibaba Group Holding Limited by 38,449.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after buying an additional 3,561,187 shares in the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

BABA has been the subject of several recent analyst reports. Instinet raised their price objective on shares of Alibaba Group Holding Limited from $139.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Deutsche Bank AG dropped their price objective on shares of Alibaba Group Holding Limited to $158.00 and set a “buy” rating for the company in a report on Monday, June 19th. Pacific Crest reaffirmed a “buy” rating and set a $137.00 price objective on shares of Alibaba Group Holding Limited in a report on Monday, June 19th. Vetr lowered shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $148.71 price objective for the company. in a report on Wednesday, June 21st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Alibaba Group Holding Limited in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $177.09.

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Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the firm earned $0.74 earnings per share.

Alibaba Group Holding Limited 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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