First Allied Advisory Services Inc. boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 50,236 shares of the specialty retailer’s stock after acquiring an additional 1,478 shares during the period. First Allied Advisory Services Inc.’s holdings in Alibaba Group were worth $9,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in Alibaba Group by 7.4% during the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after purchasing an additional 4,674,615 shares during the period. Baillie Gifford & Co. increased its stake in Alibaba Group by 3.6% during the first quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after purchasing an additional 1,716,763 shares during the period. Vanguard Group Inc increased its stake in Alibaba Group by 2.3% during the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares during the period. Norges Bank purchased a new stake in Alibaba Group during the fourth quarter worth about $1,734,020,000. Finally, Bank of America Corp DE increased its stake in Alibaba Group by 5.4% during the fourth quarter. Bank of America Corp DE now owns 11,750,523 shares of the specialty retailer’s stock worth $1,610,644,000 after purchasing an additional 600,059 shares during the period. Hedge funds and other institutional investors own 40.49% of the company’s stock.

BABA stock opened at $175.57 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70. The company has a market cap of $454.86 billion, a P/E ratio of 48.91, a PEG ratio of 1.47 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 13.38%. The firm had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. During the same period in the prior year, the firm earned $5.73 earnings per share. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. Analysts anticipate that Alibaba Group Holding Ltd will post 4.88 EPS for the current year.

A number of brokerages have issued reports on BABA. Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Mizuho boosted their price target on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus boosted their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $220.00 price target (up from $205.00) on shares of Alibaba Group in a research note on Thursday. Finally, Raymond James cut their price target on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $216.67.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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