Strs Ohio boosted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,700 shares of the specialty retailer’s stock after purchasing an additional 24,100 shares during the period. Strs Ohio’s holdings in Alibaba Group were worth $20,562,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barometer Capital Management Inc. acquired a new stake in shares of Alibaba Group in the first quarter valued at approximately $328,000. Brookstone Capital Management acquired a new stake in shares of Alibaba Group in the first quarter valued at approximately $300,000. Tree Line Advisors Hong Kong Ltd. lifted its position in shares of Alibaba Group by 6.3% in the first quarter. Tree Line Advisors Hong Kong Ltd. now owns 170,000 shares of the specialty retailer’s stock valued at $31,017,000 after buying an additional 10,000 shares during the last quarter. Eqis Capital Management Inc. lifted its position in shares of Alibaba Group by 41.6% in the first quarter. Eqis Capital Management Inc. now owns 2,680 shares of the specialty retailer’s stock valued at $489,000 after buying an additional 787 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its position in shares of Alibaba Group by 8.3% in the first quarter. Baltimore Washington Financial Advisors Inc. now owns 62,204 shares of the specialty retailer’s stock valued at $11,349,000 after buying an additional 4,764 shares during the last quarter. 40.27% of the stock is owned by hedge funds and other institutional investors.

BABA has been the topic of a number of recent research reports. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Zacks Investment Research lowered Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Stifel Nicolaus reiterated a “buy” rating and set a $180.00 target price (up previously from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Barclays increased their target price on Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $211.54.

NYSE BABA opened at $186.94 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The firm has a market cap of $478.78 billion, a P/E ratio of 46.39, a PEG ratio of 1.57 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $10.83. The firm had revenue of $117.28 billion for the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. On average, analysts forecast that Alibaba Group Holding Ltd will post 3.68 earnings per share for the current fiscal year.

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About Alibaba Group

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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