Scott & Selber Inc. acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 19,139 shares of the specialty retailer’s stock, valued at approximately $2,697,000.

A number of other large investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its stake in Alibaba Group Holding Limited by 40.2% in the first quarter. First Mercantile Trust Co. now owns 5,055 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 1,449 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in Alibaba Group Holding Limited during the first quarter valued at about $8,849,000. Capital Advisors Inc. OK purchased a new stake in Alibaba Group Holding Limited during the first quarter valued at about $564,000. Welch & Forbes LLC boosted its stake in Alibaba Group Holding Limited by 4.4% in the first quarter. Welch & Forbes LLC now owns 8,985 shares of the specialty retailer’s stock valued at $969,000 after buying an additional 380 shares during the last quarter. Finally, Conning Inc. boosted its stake in Alibaba Group Holding Limited by 62.9% in the first quarter. Conning Inc. now owns 3,950 shares of the specialty retailer’s stock valued at $426,000 after buying an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 37.40% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at 165.8625 on Tuesday. The firm has a market capitalization of $421.79 billion, a PE ratio of 56.2246 and a beta of 2.64. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $177.00. The stock has a 50 day moving average of $156.44 and a 200-day moving average of $127.15.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter last year, the firm earned $0.74 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post $4.97 EPS for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has authorized a stock buyback program on Thursday, May 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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Several equities research analysts recently issued reports on BABA shares. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $131.78 price objective for the company. in a research report on Tuesday, May 2nd. Needham & Company LLC raised their price objective on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Barclays PLC raised their price objective on shares of Alibaba Group Holding Limited from $130.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada restated a “buy” rating and set a $120.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 16th. Finally, MKM Partners restated a “buy” rating and set a $155.00 price objective (up from $130.00) on shares of Alibaba Group Holding Limited in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $168.76.

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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