M&T Bank Corp lowered its position in Alibaba Group Holding Ltd. (NYSE:BABA) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,230 shares of the company’s stock after selling 3,748 shares during the period. M&T Bank Corp’s holdings in Alibaba Group Holding were worth $4,045,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Primavera Capital Management Ltd purchased a new stake in shares of Alibaba Group Holding during the third quarter worth $902,372,000. Temasek Holdings Private Ltd raised its stake in shares of Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock worth $4,300,696,000 after buying an additional 6,526,596 shares during the last quarter. State Street Corp raised its stake in shares of Alibaba Group Holding by 63.9% in the second quarter. State Street Corp now owns 16,141,308 shares of the company’s stock worth $1,283,715,000 after buying an additional 6,292,030 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock worth $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Alibaba Group Holding by 84.5% in the second quarter. BlackRock Fund Advisors now owns 11,966,477 shares of the company’s stock worth $951,694,000 after buying an additional 5,481,106 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded up 1.31% during trading on Tuesday, reaching $94.99. 14,128,635 shares of the company traded hands. The firm has a 50-day moving average price of $98.92 and a 200-day moving average price of $91.14. The firm has a market capitalization of $235.39 billion, a PE ratio of 50.74 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.

Alibaba Group Holding (NYSE:BABA) last issued its earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm earned $5.14 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.29%. During the same period last year, the firm posted $0.57 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Ltd. will post $3.26 EPS for the current year.

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A number of equities research analysts have recently weighed in on the stock. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding in a report on Tuesday, August 2nd. Bank of America Corp. restated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Alibaba Group Holding in a report on Tuesday, September 20th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Alibaba Group Holding in a report on Saturday. Cantor Fitzgerald restated a “buy” rating and issued a $115.00 price objective (up 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 price objective 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 stock presently has a consensus rating of “Buy” and a consensus 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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