Cwm LLC decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,711 shares of the specialty retailer’s stock after selling 1,954 shares during the period. Cwm LLC’s holdings in Alibaba Group Holding Limited were worth $1,368,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Vident Investment Advisory LLC bought a new stake in shares of Alibaba Group Holding Limited during the fourth quarter valued at approximately $326,000. River & Mercantile Asset Management LLP bought a new stake in shares of Alibaba Group Holding Limited during the fourth quarter valued at approximately $1,915,000. Quadrature Capital Ltd bought a new stake in shares of Alibaba Group Holding Limited during the fourth quarter valued at approximately $31,651,000. UBS Asset Management Americas Inc. increased its stake in shares of Alibaba Group Holding Limited by 7.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 10,167,080 shares of the specialty retailer’s stock valued at $892,772,000 after buying an additional 676,000 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in shares of Alibaba Group Holding Limited by 10.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,545 shares of the specialty retailer’s stock valued at $473,000 after buying an additional 414 shares during the last quarter. 36.24% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.94% during midday trading on Wednesday, hitting $155.20. 2,681,401 shares of the stock were exchanged. The company’s 50 day moving average is $139.03 and its 200-day moving average is $115.47. Alibaba Group Holding Limited has a 1-year low of $81.94 and a 1-year high of $156.41. The stock has a market cap of $392.66 billion, a PE ratio of 62.08 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same period last year, the business posted $0.47 earnings per share. On average, analysts expect that Alibaba Group Holding Limited will post $4.57 earnings per share for the current year.

Alibaba Group Holding Limited declared that its board has approved a stock repurchase program on Thursday, May 18th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Several analysts recently commented on BABA shares. New Street Research raised shares of Alibaba Group Holding Limited from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $122.00 in a report on Tuesday, March 21st. Pacific Crest started coverage on shares of Alibaba Group Holding Limited in a report on Wednesday, March 22nd. They set an “overweight” rating and a $134.00 target price for the company. Zacks Investment Research downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 28th. Barclays PLC began coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, March 28th. They issued an “overweight” rating and a $130.00 price objective for the company. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 price objective (up previously from $117.00) on shares of Alibaba Group Holding Limited in a report on Sunday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $140.69.

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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