BTC Capital Management Inc. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 24.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,280 shares of the specialty retailer’s stock after purchasing an additional 843 shares during the period. BTC Capital Management Inc.’s holdings in Alibaba Group Holding Limited were worth $739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BABA. Schwab Charles Investment Management Inc. boosted its stake in Alibaba Group Holding Limited by 20.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock worth $1,930,000 after acquiring an additional 3,027 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $5,284,000. Adalta Capital Management LLC bought a new stake in Alibaba Group Holding Limited during the first quarter worth about $2,407,000. Kimelman & Baird LLC boosted its stake in Alibaba Group Holding Limited by 20.0% during the first quarter. Kimelman & Baird LLC now owns 3,000 shares of the specialty retailer’s stock worth $323,000 after acquiring an additional 500 shares in the last quarter. Finally, North Star Asset Management Inc. boosted its stake in Alibaba Group Holding Limited by 2.6% during the first quarter. North Star Asset Management Inc. now owns 20,963 shares of the specialty retailer’s stock worth $2,260,000 after acquiring an additional 540 shares in the last quarter. 37.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down $2.19 during trading hours on Tuesday, hitting $182.35. 5,827,063 shares of the company were exchanged, compared to its average volume of 14,838,464. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.22. The company has a market capitalization of $466,460.00, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. The firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. equities research analysts anticipate that Alibaba Group Holding Limited will post 4.31 EPS for the current year.

Several brokerages have recently issued reports on BABA. Macquarie reiterated a “buy” rating and issued a $245.00 target price on shares of Alibaba Group Holding Limited in a research note on Monday, October 16th. They noted that the move was a valuation call. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 target price on the stock in a research note on Monday, August 28th. Stifel Nicolaus upped their target price on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Barclays PLC upped their target price on shares of Alibaba Group Holding Limited from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Finally, BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Alibaba Group Holding Limited currently has an average rating of “Buy” and an average target price of $184.45.

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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.

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

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