Sii Investments Inc. WI lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 82.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,662 shares of the specialty retailer’s stock after purchasing an additional 9,763 shares during the quarter. Sii Investments Inc. WI’s holdings in Alibaba Group Holding Limited were worth $3,049,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. State of Wisconsin Investment Board acquired a new stake in Alibaba Group Holding Limited in the 1st quarter worth approximately $484,000. Raymond James Financial Services Advisors Inc. grew its position in Alibaba Group Holding Limited by 40.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 132,772 shares of the specialty retailer’s stock worth $14,317,000 after purchasing an additional 38,094 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Alibaba Group Holding Limited by 26.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 93,954 shares of the specialty retailer’s stock worth $10,129,000 after purchasing an additional 19,769 shares during the last quarter. RPG Investment Advisory LLC grew its position in Alibaba Group Holding Limited by 1.2% during the 1st quarter. RPG Investment Advisory LLC now owns 32,475 shares of the specialty retailer’s stock worth $3,501,000 after purchasing an additional 400 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Alibaba Group Holding Limited by 0.7% during the 1st quarter. Nordea Investment Management AB now owns 2,381,903 shares of the specialty retailer’s stock worth $256,841,000 after purchasing an additional 16,524 shares during the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Alibaba Group Holding Limited (BABA) traded up 2.21% during mid-day trading on Tuesday, hitting $177.45. The company’s stock had a trading volume of 7,772,326 shares. The company has a market cap of $451.26 billion, a PE ratio of 58.89 and a beta of 2.61. The stock has a 50-day moving average of $171.33 and a 200-day moving average of $140.21. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $180.87.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.96 EPS for the current year.

A number of brokerages have recently weighed in on BABA. Robert W. Baird boosted their price objective on shares of Alibaba Group Holding Limited from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $208.00 target price (up previously from $200.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, August 20th. MKM Partners restated a “buy” rating and issued a $220.00 target price on shares of Alibaba Group Holding Limited in a research note on Monday. J P Morgan Chase & Co assumed coverage on Alibaba Group Holding Limited in a research report on Tuesday, June 27th. They set an “overweight” rating and a $190.00 price target for the company. Finally, Oppenheimer Holdings, Inc. lifted their price target on Alibaba Group Holding Limited to $200.00 and gave the stock an “outperform” rating in a research report on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $175.48.

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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.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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