Sfmg LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,437 shares of the specialty retailer’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Comerica Bank increased its holdings in Alibaba Group Holding Limited by 4.5% in the 3rd quarter. Comerica Bank now owns 122,083 shares of the specialty retailer’s stock worth $22,168,000 after acquiring an additional 5,204 shares during the last quarter. Sigma Planning Corp increased its holdings in Alibaba Group Holding Limited by 38.3% in the 3rd quarter. Sigma Planning Corp now owns 7,179 shares of the specialty retailer’s stock worth $1,240,000 after acquiring an additional 1,989 shares during the last quarter. Lockheed Martin Investment Management Co. increased its holdings in Alibaba Group Holding Limited by 40.3% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 22,313 shares of the specialty retailer’s stock worth $3,854,000 after acquiring an additional 6,413 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in Alibaba Group Holding Limited by 14.5% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 66,175 shares of the specialty retailer’s stock worth $11,429,000 after acquiring an additional 8,370 shares during the last quarter. Finally, TCW Group Inc. increased its holdings in Alibaba Group Holding Limited by 57.9% in the 3rd quarter. TCW Group Inc. now owns 77,653 shares of the specialty retailer’s stock worth $13,412,000 after acquiring an additional 28,466 shares during the last quarter. 37.47% of the stock is owned by institutional investors.

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Alibaba Group Holding Limited (NYSE:BABA) traded up $4.13 on Thursday, hitting $185.61. The stock had a trading volume of 7,055,289 shares, compared to its average volume of 14,844,616. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $191.22. The stock has a market capitalization of $475,580.00, a PE ratio of 52.85, a PEG ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. analysts forecast that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $206.84 price objective for the company in a report on Monday. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Alibaba Group Holding Limited in a report on Monday, November 6th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $210.00 target price on shares of Alibaba Group Holding Limited in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $184.45.

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.

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

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