Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,196 shares of the specialty retailer’s stock after buying an additional 160 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Alibaba Group Holding Limited were worth $450,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Reliance Trust Co. of Delaware raised 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 during the last quarter. Hartwell J M Limited Partnership raised 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 during the last quarter. CWM LLC raised 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 during the last quarter. State of New Jersey Common Pension Fund D raised 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 during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised 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 during the last quarter. Institutional investors own 36.75% of the company’s stock.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at 157.49 on Thursday. The firm has a market cap of $398.45 billion, a P/E ratio of 62.32 and a beta of 2.64. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $160.39. The company’s 50 day moving average price is $149.30 and its 200-day moving average price is $121.89.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $4.60 EPS for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several analysts recently weighed in on BABA shares. BidaskClub lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price target on Alibaba Group Holding Limited and gave the company a “buy” rating in a report on Friday, June 9th. Benchmark Co. started coverage on Alibaba Group Holding Limited in a report on Tuesday, April 18th. They set a “buy” rating and a $140.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $120.00 price target on shares of Alibaba Group Holding Limited in a report on Tuesday, May 23rd. Finally, CIBC increased their price target on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and a consensus price target of $142.21.

Alibaba Group Holding Limited Company 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.

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

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