Investment House LLC decreased its position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,970 shares of the company’s stock after selling 6,495 shares during the period. Alibaba Group Holding makes up approximately 1.1% of Investment House LLC’s portfolio, making the stock its 29th largest position. Investment House LLC’s holdings in Alibaba Group Holding were worth $6,837,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BABA. Cornerstone Advisors Inc. raised its stake in Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares in the last quarter. Washington Trust Bank raised its stake in Alibaba Group Holding by 2.5% in the second quarter. Washington Trust Bank now owns 3,799 shares of the company’s stock worth $302,000 after buying an additional 92 shares during the period. NEXT Financial Group Inc raised its stake in Alibaba Group Holding by 2.6% in the second quarter. NEXT Financial Group Inc now owns 4,920 shares of the company’s stock worth $391,000 after buying an additional 126 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its stake in Alibaba Group Holding by 4.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,281 shares of the company’s stock worth $259,000 after buying an additional 154 shares during the period. Finally, BB&T Securities LLC raised its stake in Alibaba Group Holding by 5.1% in the first quarter. BB&T Securities LLC now owns 4,161 shares of the company’s stock worth $328,000 after buying an additional 202 shares during the period. 29.00% of the stock is owned by institutional investors.

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded down 1.53% during mid-day trading on Tuesday, reaching $101.45. The company had a trading volume of 12,863,809 shares. Alibaba Group Holding Ltd. has a 52-week low of $57.20 and a 52-week high of $105.50. The company has a market cap of $250.89 billion, a price-to-earnings ratio of 35.98 and a beta of 2.97. The firm’s 50-day moving average price is $95.81 and its 200 day moving average price is $82.87.

Alibaba Group Holding (NYSE:BABA) last released its earnings results on Thursday, August 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.11. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.57 billion. Alibaba Group Holding had a return on equity of 12.31% and a net margin of 42.95%. During the same period in the prior year, the firm posted $0.59 EPS. Equities analysts expect that Alibaba Group Holding Ltd. will post $3.29 EPS for the current year.

A number of analysts have recently issued reports on BABA shares. Vetr raised shares of Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $88.08 price target for the company in a research report on Monday, May 23rd. Brean Capital reissued a “buy” rating on shares of Alibaba Group Holding in a research report on Tuesday, May 24th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $100.00 price target on shares of Alibaba Group Holding in a research report on Thursday, May 26th. Deutsche Bank AG reissued a “buy” rating and issued a $110.00 price target on shares of Alibaba Group Holding in a research report on Thursday, May 26th. Finally, HSBC reissued a “buy” rating on shares of Alibaba Group Holding in a research report on Thursday, May 26th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $105.93.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.

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