Alibaba Group Holding Limited (BABA) Shares Bought by Lincoln National Corp

Lincoln National Corp lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,095 shares of the specialty retailer’s stock after acquiring an additional 579 shares during the quarter. Lincoln National Corp’s holdings in Alibaba Group Holding Limited were worth $1,398,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BABA. Shine Investment Advisory Services Inc. acquired a new position in Alibaba Group Holding Limited in the second quarter worth approximately $102,000. FNY Managed Accounts LLC acquired a new position in Alibaba Group Holding Limited in the first quarter worth approximately $107,000. Lee Financial Co grew its position in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares during the last quarter. Winch Advisory Services LLC grew its position in Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in Alibaba Group Holding Limited in the second quarter worth approximately $116,000. Institutional investors and hedge funds own 37.45% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) traded down $1.60 during trading hours on Friday, hitting $183.21. 19,697,343 shares of the stock traded hands, compared to its average volume of 17,747,468. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $469,229.06, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 1.56 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 18.65%. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. research analysts forecast that Alibaba Group Holding Limited will post 3.96 EPS for the current fiscal year.

A number of equities analysts recently commented on the stock. Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 price objective for the company in a research note on Wednesday, September 6th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, October 20th. Barclays PLC raised their price objective on shares of Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank AG decreased their price objective on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $183.31.

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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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