M Holdings Securities Inc. grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.5% during the first quarter, Holdings Channel reports. The institutional investor owned 8,790 shares of the specialty retailer’s stock after purchasing an additional 685 shares during the quarter. M Holdings Securities Inc.’s holdings in Alibaba Group were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of Alibaba Group by 7.1% during the first quarter. Nordea Investment Management AB now owns 3,147,991 shares of the specialty retailer’s stock valued at $574,351,000 after acquiring an additional 208,793 shares during the period. Columbia Asset Management increased its stake in shares of Alibaba Group by 86.9% during the first quarter. Columbia Asset Management now owns 2,850 shares of the specialty retailer’s stock valued at $520,000 after acquiring an additional 1,325 shares during the period. GYL Financial Synergies LLC acquired a new position in shares of Alibaba Group during the first quarter valued at approximately $227,000. Rehmann Capital Advisory Group grew its position in Alibaba Group by 46.3% in the first quarter. Rehmann Capital Advisory Group now owns 4,967 shares of the specialty retailer’s stock worth $906,000 after buying an additional 1,571 shares during the last quarter. Finally, Diversified Trust Co grew its position in Alibaba Group by 23.5% in the first quarter. Diversified Trust Co now owns 29,577 shares of the specialty retailer’s stock worth $5,396,000 after buying an additional 5,622 shares during the last quarter. 40.68% of the stock is currently owned by institutional investors.

Shares of NYSE:BABA opened at $158.10 on Monday. The firm has a market cap of $404.92 billion, a price-to-earnings ratio of 44.04, a P/E/G ratio of 1.16 and a beta of 2.32. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $210.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $7.82. The company had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter last year, the business posted $5.73 EPS. Equities analysts forecast that Alibaba Group Holding Ltd will post 5.1 EPS for the current fiscal year.

Several research firms have issued reports on BABA. UBS Group set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Loop Capital began coverage on shares of Alibaba Group in a research report on Monday, June 3rd. They issued a “buy” rating and a $250.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research report on Friday, May 24th. Barclays lifted their price target on shares of Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Raymond James decreased 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 report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $217.22.

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Alibaba Group Profile

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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