Boston Partners decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 524,873 shares of the specialty retailer’s stock after selling 13,652 shares during the period. Boston Partners’ holdings in Alibaba Group Holding Limited were worth $73,954,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Reliance Trust Co. of Delaware boosted its stake in Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock valued at $1,101,000 after buying an additional 2,448 shares in the last quarter. Hartwell J M Limited Partnership boosted its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock valued at $5,365,000 after buying an additional 2,850 shares in the last quarter. CWM LLC boosted its stake in Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock valued at $1,258,000 after buying an additional 304 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock valued at $96,348,000 after buying an additional 51,629 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock valued at $5,092,000 after buying an additional 1,912 shares in the last quarter. 36.75% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE BABA) opened at 151.70 on Friday. The stock has a market capitalization of $383.80 billion, a PE ratio of 60.03 and a beta of 2.64. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $160.39. The company’s 50-day moving average price is $149.81 and its 200 day moving average price is $122.49.

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 Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the prior year, the business earned $0.47 earnings per share. Equities analysts forecast that Alibaba Group Holding Limited will post $4.64 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its board has approved a share buyback plan 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 plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently commented on BABA shares. BidaskClub cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 target price on Alibaba Group Holding Limited and gave the stock a “buy” rating in a research note on Friday, June 9th. Benchmark Co. started coverage on Alibaba Group Holding Limited in a research note on Tuesday, April 18th. They set a “buy” rating and a $140.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $120.00 target price on shares of Alibaba Group Holding Limited in a research note on Tuesday, May 23rd. Finally, CIBC raised their target price on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $142.79.

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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