San Francisco Sentry Investment Group CA acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 825 shares of the specialty retailer’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hillhouse Capital Management Ltd. grew its holdings in Alibaba Group Holding Limited by 38,449.4% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after buying an additional 3,561,187 shares in the last quarter. BigSur Wealth Management LLC grew its holdings in shares of Alibaba Group Holding Limited by 16.8% in the second quarter. BigSur Wealth Management LLC now owns 6,950 shares of the specialty retailer’s stock valued at $1,104,000 after purchasing an additional 1,000 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Alibaba Group Holding Limited by 94.1% in the second quarter. Whale Rock Capital Management LLC now owns 755,112 shares of the specialty retailer’s stock valued at $106,395,000 after purchasing an additional 366,157 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Alibaba Group Holding Limited by 17.1% in the second quarter. Macquarie Group Ltd. now owns 2,252,977 shares of the specialty retailer’s stock valued at $317,457,000 after purchasing an additional 328,409 shares in the last quarter. Finally, Sii Investments Inc. WI grew its holdings in shares of Alibaba Group Holding Limited by 82.0% in the second quarter. Sii Investments Inc. WI now owns 21,662 shares of the specialty retailer’s stock valued at $3,049,000 after purchasing an additional 9,763 shares in the last quarter. 37.39% of the stock is owned by institutional investors and hedge funds.

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Alibaba Group Holding Limited (BABA) opened at 179.20 on Friday. The firm has a 50-day moving average of $173.61 and a 200-day moving average of $141.79. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87. The company has a market capitalization of $455.71 billion, a P/E ratio of 59.48 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter last year, the company earned $0.74 EPS. On average, analysts anticipate that Alibaba Group Holding Limited will post $4.95 earnings per share for the current year.

A number of research firms recently weighed in on BABA. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Alibaba Group Holding Limited in a report on Thursday. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 target price for the company. in a report on Wednesday. Credit Suisse Group reissued an “outperform” rating and issued a $220.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday. MKM Partners reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group Holding Limited in a report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $190.00 target price on shares of Alibaba Group Holding Limited in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $175.55.

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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