Alibaba Group Holding Limited (BABA) Shares Bought by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 24.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,767 shares of the specialty retailer’s stock after purchasing an additional 350 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Alibaba Group Holding Limited were worth $305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BABA. Winslow Capital Management LLC increased its position in Alibaba Group Holding Limited by 24.7% during the 1st quarter. Winslow Capital Management LLC now owns 3,378,676 shares of the specialty retailer’s stock worth $364,323,000 after purchasing an additional 669,433 shares in the last quarter. Lansdowne Partners UK LLP increased its position in Alibaba Group Holding Limited by 38.3% during the 1st quarter. Lansdowne Partners UK LLP now owns 41,114 shares of the specialty retailer’s stock worth $4,433,000 after purchasing an additional 11,385 shares in the last quarter. Crawford Lake Capital Management LLC acquired a new stake in Alibaba Group Holding Limited during the 1st quarter worth approximately $23,377,000. Parallel Advisors LLC grew its position in Alibaba Group Holding Limited by 220.3% in the first quarter. Parallel Advisors LLC now owns 8,619 shares of the specialty retailer’s stock valued at $1,005,000 after acquiring an additional 5,928 shares in the last quarter. Finally, Rosenblum Silverman Sutton S F Inc. CA grew its position in Alibaba Group Holding Limited by 3.1% in the first quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 28,450 shares of the specialty retailer’s stock valued at $3,068,000 after acquiring an additional 865 shares in the last quarter. 37.45% of the stock is owned by hedge funds and other institutional investors.

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Shares of Alibaba Group Holding Limited (NYSE BABA) traded up 1.2538% during midday trading on Wednesday, hitting $187.2081. 8,822,845 shares of the company were exchanged. The firm has a market cap of $476.07 billion, a P/E ratio of 63.1819 and a beta of 2.60. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $188.88. The company’s 50 day moving average price is $176.94 and its 200 day moving average price is $150.55.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.74 earnings per share. Equities analysts expect that Alibaba Group Holding Limited will post $4.88 EPS for the current year.

Several analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price objective for the company. in a research report on Wednesday, August 16th. Royal Bank Of Canada increased their price objective on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation increased their price objective on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Barclays PLC increased their price objective on shares of Alibaba Group Holding Limited from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $181.89.

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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