Investment House LLC lowered its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 8.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 112,762 shares of the specialty retailer’s stock after selling 10,300 shares during the quarter. Alibaba Group comprises 2.0% of Investment House LLC’s investment portfolio, making the stock its 12th biggest holding. Investment House LLC’s holdings in Alibaba Group were worth $19,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farmers National Bank purchased a new position in Alibaba Group during the 1st quarter worth approximately $25,000. Manchester Capital Management LLC grew its stake in Alibaba Group by 171.4% during the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock worth $28,000 after buying an additional 96 shares during the last quarter. Lee Financial Co grew its stake in Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after buying an additional 109 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in Alibaba Group by 100.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Finally, Coastal Capital Group Inc. purchased a new position in Alibaba Group during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 42.12% of the company’s stock.

Shares of BABA traded down $1.22 during mid-day trading on Tuesday, hitting $177.06. The company’s stock had a trading volume of 6,343,554 shares, compared to its average volume of 20,564,710. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $169.83 and a 200 day simple moving average of $172.79. The firm has a market capitalization of $444.25 billion, a P/E ratio of 49.32, a P/E/G ratio of 1.57 and a beta of 2.30. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion during the quarter, compared to analysts’ expectations of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. As a group, sell-side analysts predict that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.

A number of analysts have weighed in on the company. KeyCorp increased their price objective on Alibaba Group from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group assumed coverage on Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 price objective for the company. Macquarie set a $226.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Barclays increased their price objective on Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Stifel Nicolaus increased their price objective on Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group has an average rating of “Buy” and an average target price of $218.96.

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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