Pioneer Investment Management Inc. raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 132.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,102 shares of the specialty retailer’s stock after buying an additional 64,915 shares during the period. Pioneer Investment Management Inc.’s holdings in Alibaba Group Holding were worth $12,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. increased its stake in shares of Alibaba Group Holding by 6.1% in the third quarter. Stratos Wealth Partners LTD. now owns 4,905 shares of the specialty retailer’s stock worth $519,000 after buying an additional 282 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Alibaba Group Holding during the third quarter worth about $2,772,000. BB&T Corp increased its stake in shares of Alibaba Group Holding by 9.2% in the third quarter. BB&T Corp now owns 59,555 shares of the specialty retailer’s stock worth $6,300,000 after buying an additional 5,023 shares during the last quarter. Winslow Capital Management LLC bought a new stake in shares of Alibaba Group Holding during the third quarter worth about $306,589,000. Finally, Ballentine Partners LLC increased its stake in shares of Alibaba Group Holding by 99.6% in the third quarter. Ballentine Partners LLC now owns 62,490 shares of the specialty retailer’s stock worth $6,611,000 after buying an additional 31,189 shares during the last quarter. Institutional investors own 36.69% of the company’s stock.

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

Alibaba Group Holding Ltd (NYSE:BABA) opened at 134.87 on Friday. Alibaba Group Holding Ltd has a 12 month low of $73.30 and a 12 month high of $148.29. The stock’s 50 day moving average price is $124.54 and its 200-day moving average price is $106.84. The stock has a market cap of $341.22 billion, a price-to-earnings ratio of 54.49 and a beta of 2.63.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding had a return on equity of 15.74% and a net margin of 29.28%. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Equities research analysts predict that Alibaba Group Holding Ltd will post $4.55 EPS for the current year.

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A number of equities analysts recently issued reports on BABA shares. Royal Bank of Canada reissued an “outperform” rating on shares of Alibaba Group Holding in a report on Monday, March 6th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $135.00 price objective on shares of Alibaba Group Holding in a report on Friday, March 17th. New Street Research raised shares of Alibaba Group Holding from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $122.00 in a report on Tuesday, March 21st. CIBC lifted their price target on shares of Alibaba Group Holding from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, May 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $140.00 price target (up previously from $130.00) on shares of Alibaba Group Holding in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Alibaba Group Holding has an average rating of “Buy” and an average target price of $135.80.

Alibaba Group Holding 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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