Usca Ria LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,451 shares of the specialty retailer’s stock, valued at approximately $204,000.

Several other hedge funds also recently added to or reduced their stakes in BABA. Wilbanks Smith & Thomas Asset Management LLC raised its stake in Alibaba Group Holding Limited by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock worth $276,000 after buying an additional 23 shares during the period. Ronald Blue & Co. LLC raised its stake in Alibaba Group Holding Limited by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after buying an additional 25 shares during the period. Cornerstone Advisors Inc. raised its stake in Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after buying an additional 30 shares during the period. Comerica Securities Inc. raised its stake in Alibaba Group Holding Limited by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock worth $272,000 after buying an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC raised its stake in Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after buying an additional 52 shares during the period. 37.40% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Holding Limited (NYSE BABA) opened at 167.41 on Wednesday. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $177.00. The stock has a market capitalization of $425.72 billion, a PE ratio of 56.75 and a beta of 2.64. The firm has a 50-day moving average price of $156.44 and a 200 day moving average price of $127.15.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly 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. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.74 EPS. Equities analysts anticipate that Alibaba Group Holding Limited will post $5.04 earnings per share for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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A number of research firms have recently weighed in on BABA. Robert W. Baird reissued an “outperform” rating and set a $135.00 price objective (up previously from $116.00) on shares of Alibaba Group Holding Limited in a research note on Friday, May 19th. Macquarie upped their target price on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation upped their target price on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $140.00 target price (up previously from $130.00) on shares of Alibaba Group Holding Limited in a report on Monday, May 22nd. Finally, SunTrust Banks, Inc. initiated coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $168.76.

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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