Sigma Planning Corp boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 47.9% during the second quarter, Holdings Channel reports. The fund owned 5,190 shares of the specialty retailer’s stock after buying an additional 1,682 shares during the period. Sigma Planning Corp’s holdings in Alibaba Group Holding Limited were worth $731,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BABA. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited during the second quarter worth about $102,000. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter worth about $107,000. Lee Financial Co boosted its stake in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares in the last quarter. Webster Bank N. A. boosted its stake in shares of 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 worth $127,000 after buying an additional 235 shares in the last quarter. Finally, WFG Advisors LP boosted its stake in shares of 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 worth $127,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 36.81% of the company’s stock.

Shares of Alibaba Group Holding Limited (BABA) opened at 151.70 on Monday. The firm has a 50 day moving average price of $149.81 and a 200 day moving average price of $122.49. The company has a market capitalization of $383.80 billion, a price-to-earnings ratio of 60.03 and a beta of 2.64. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $160.39.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 15.40% and a net margin of 27.51%. During the same quarter last year, the business earned $0.47 earnings per share. Equities analysts forecast that Alibaba Group Holding Limited will post $4.64 EPS for the current year.

Alibaba Group Holding Limited declared that its board has initiated a share buyback program on Thursday, May 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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A number of brokerages have recently issued reports on BABA. BidaskClub upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barclays PLC increased their price target on Alibaba Group Holding Limited to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Instinet restated a “buy” rating on shares of Alibaba Group Holding Limited in a research note on Saturday, July 22nd. HSBC Holdings plc restated a “buy” rating and issued a $168.00 price target (up previously from $162.00) on shares of Alibaba Group Holding Limited in a research note on Saturday, July 22nd. Finally, Atlantic Securities restated a “hold” rating on shares of Alibaba Group Holding Limited in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $142.79.

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

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