Thomas White International Ltd. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 19.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 208,112 shares of the specialty retailer’s stock after selling 51,052 shares during the period. Alibaba Group Holding Limited accounts for about 5.0% of Thomas White International Ltd.’s portfolio, making the stock its largest position. Thomas White International Ltd.’s holdings in Alibaba Group Holding Limited were worth $29,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Alibaba Group Holding Limited by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 23 shares during the last quarter. Ronald Blue & Co. LLC boosted its position in shares of Alibaba Group Holding Limited by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 25 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after buying an additional 30 shares during the last quarter. Comerica Securities Inc. boosted its position in shares of Alibaba Group Holding Limited by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 47 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in shares of Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 52 shares during the last quarter. 37.40% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE:BABA) traded up 0.04% during trading on Thursday, reaching $171.31. The company had a trading volume of 5,046,958 shares. The company’s 50-day moving average is $156.44 and its 200 day moving average is $127.15. The firm has a market capitalization of $435.64 billion, a price-to-earnings ratio of 58.13 and a beta of 2.64. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $177.00.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the prior year, the company earned $0.74 EPS. Equities analysts anticipate that Alibaba Group Holding Limited will post $5.05 EPS for the current year.

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

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Several research firms have recently commented on BABA. Robert W. Baird reaffirmed an “outperform” rating and issued a $135.00 price objective (up previously from $116.00) on shares of Alibaba Group Holding Limited in a research note on Friday, May 19th. Macquarie raised their price objective on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation raised their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. Finally, SunTrust Banks, Inc. began coverage on Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They issued a “buy” rating and a $175.00 price objective on the stock. One investment 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. Alibaba Group Holding Limited presently has an average rating of “Buy” and an average price target of $168.76.

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.

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

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