Northwestern Mutual Wealth Management Co. raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,222 shares of the specialty retailer’s stock after buying an additional 1,912 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alibaba Group Holding were worth $5,092,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of Alibaba Group Holding by 5.5% in the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the specialty retailer’s stock valued at $4,275,990,000 after buying an additional 2,543,693 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the specialty retailer’s stock worth $3,298,502,000 after buying an additional 15,751,926 shares during the period. Schroder Investment Management Group boosted its stake in shares of Alibaba Group Holding by 13.2% in the third quarter. Schroder Investment Management Group now owns 22,140,881 shares of the specialty retailer’s stock worth $2,342,284,000 after buying an additional 2,590,397 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Alibaba Group Holding by 5.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 12,391,855 shares of the specialty retailer’s stock worth $1,088,129,000 after buying an additional 609,447 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Alibaba Group Holding by 14.2% in the first quarter. UBS Asset Management Americas Inc. now owns 11,607,556 shares of the specialty retailer’s stock worth $1,251,643,000 after buying an additional 1,440,476 shares during the period. 35.17% of the stock is owned by institutional investors.

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

Alibaba Group Holding Ltd (BABA) traded down 2.04% during mid-day trading on Friday, hitting $139.44. The company had a trading volume of 54,367,382 shares. The firm’s 50 day moving average is $121.44 and its 200 day moving average is $105.37. The company has a market capitalization of $352.78 billion, a price-to-earnings ratio of 56.34 and a beta of 2.73. Alibaba Group Holding Ltd has a 52 week low of $73.30 and a 52 week high of $148.29.

Alibaba Group Holding (NYSE:BABA) last released its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Ltd will post $4.43 EPS for the current year.

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Several equities analysts have recently weighed in on BABA shares. TheStreet lowered shares of Alibaba Group Holding from a “b-” rating to a “c” rating in a research report on Thursday, February 16th. Morgan Stanley reiterated an “overweight” rating and issued a $140.00 target price on shares of Alibaba Group Holding in a report on Monday, February 27th. Royal Bank of Canada reiterated an “outperform” rating on shares of Alibaba Group Holding in a report on Monday, March 6th. Vetr upgraded shares of Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $115.12 target price for the company in a report on Monday, March 6th. Finally, Robert W. Baird restated an “outperform” rating on shares of Alibaba Group Holding in a report on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $131.71.

About Alibaba Group Holding

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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