Bank of New York Mellon Corp raised its position in Alibaba Group Holding Ltd. (NYSE:BABA) by 32.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,771,470 shares of the company’s stock after buying an additional 682,137 shares during the period. Bank of New York Mellon Corp owned 0.11% of Alibaba Group Holding worth $293,194,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. increased its stake in shares of Alibaba Group Holding by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 3,557 shares of the company’s stock worth $376,000 after buying an additional 20 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock worth $191,000 after buying an additional 31 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Alibaba Group Holding by 1.0% in the second quarter. Wedbush Securities Inc. now owns 3,198 shares of the company’s stock worth $254,000 after buying an additional 33 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares in the last quarter. Finally, Integrated Wealth Management increased its stake in shares of Alibaba Group Holding by 2.1% in the second quarter. Integrated Wealth Management now owns 3,376 shares of the company’s stock worth $268,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) opened at 93.76 on Tuesday. The stock has a market cap of $232.34 billion, a price-to-earnings ratio of 50.09 and a beta of 2.93. Alibaba Group Holding Ltd. has a 12-month low of $59.25 and a 12-month high of $109.87. The company’s 50-day moving average price is $98.92 and its 200 day moving average price is $91.14.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.69 by $0.10. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the company earned $0.57 earnings per share. On average, equities analysts predict that Alibaba Group Holding Ltd. will post $3.26 earnings per share for the current year.

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Several research analysts have commented on the stock. Brean Capital reissued a “buy” rating on shares of Alibaba Group Holding in a research note on Tuesday, August 2nd. Bank of America Corp. reissued a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Alibaba Group Holding in a research note on Tuesday, September 20th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Alibaba Group Holding in a research note on Saturday. Cantor Fitzgerald restated a “buy” rating and issued a $115.00 target price (up previously from $100.00) on shares of Alibaba Group Holding in a report on Thursday, November 3rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $132.00 target price on shares of Alibaba Group Holding in a report on Friday, November 11th. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $117.01.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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