Fort Point Capital Partners LLC held its position in Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,800 shares of the specialty retailer’s stock at the end of the first quarter. Fort Point Capital Partners LLC’s holdings in Alibaba Group Holding Limited were worth $518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Webster Bank N. A. increased its stake in Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares during the last quarter. WFG Advisors LP increased its stake in Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 125 shares during the last quarter. FTB Advisors Inc. increased its stake in Alibaba Group Holding Limited by 190.3% in the first quarter. FTB Advisors Inc. now owns 1,582 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 1,037 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in Alibaba Group Holding Limited by 450.8% in the first quarter. Glassman Wealth Services now owns 1,735 shares of the specialty retailer’s stock valued at $187,000 after buying an additional 1,420 shares during the last quarter. Hedge funds and other institutional investors own 36.64% of the company’s stock.

Shares of Alibaba Group Holding Limited (BABA) traded up 0.93% on Thursday, hitting $153.32. The stock had a trading volume of 12,410,939 shares. The firm’s 50-day moving average price is $146.12 and its 200 day moving average price is $119.67. Alibaba Group Holding Limited has a 12 month low of $83.17 and a 12 month high of $160.39. The firm has a market cap of $392.68 billion, a P/E ratio of 62.07 and a beta of 2.64.

Alibaba Group Holding Limited (NYSE:BABA) last issued 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 firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the previous year, the firm earned $0.47 EPS. Analysts anticipate that Alibaba Group Holding Limited will post $4.56 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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BABA has been the topic of several recent research reports. Benchmark Co. initiated coverage on Alibaba Group Holding Limited in a research note on Tuesday, April 18th. They issued a “buy” rating and a $140.00 price target on the stock. MKM Partners restated a “buy” rating and issued a $130.00 price target on shares of Alibaba Group Holding Limited in a research note on Tuesday, April 18th. Standpoint Research downgraded Alibaba Group Holding Limited from a “buy” rating to a “reduce” rating in a research note on Thursday, April 20th. They noted that the move was a valuation call. Vetr downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $131.78 target price on the stock. in a research note on Tuesday, May 2nd. Finally, Needham & Company LLC increased their target price on Alibaba Group Holding Limited from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $140.99.

About Alibaba Group Holding Limited

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.

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

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