Eaton Vance Management raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,825 shares of the specialty retailer’s stock after purchasing an additional 300 shares during the quarter. Eaton Vance Management’s holdings in Alibaba Group Holding Limited were worth $29,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC World Markets Inc. raised its position in shares of Alibaba Group Holding Limited by 29.8% during the second quarter. CIBC World Markets Inc. now owns 45,013 shares of the specialty retailer’s stock worth $6,342,000 after acquiring an additional 10,342 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Alibaba Group Holding Limited by 22.7% during the second quarter. Commonwealth Bank of Australia now owns 3,936 shares of the specialty retailer’s stock worth $554,000 after acquiring an additional 729 shares during the last quarter. Tredje AP fonden raised its position in shares of Alibaba Group Holding Limited by 125.0% during the second quarter. Tredje AP fonden now owns 45,000 shares of the specialty retailer’s stock worth $6,341,000 after acquiring an additional 25,000 shares during the last quarter. Rathbone Brothers plc raised its position in shares of Alibaba Group Holding Limited by 7.3% during the second quarter. Rathbone Brothers plc now owns 34,366 shares of the specialty retailer’s stock worth $4,842,000 after acquiring an additional 2,328 shares during the last quarter. Finally, AGF Investments Inc. raised its position in shares of Alibaba Group Holding Limited by 8.6% during the second quarter. AGF Investments Inc. now owns 98,949 shares of the specialty retailer’s stock worth $13,949,000 after acquiring an additional 7,810 shares during the last quarter. Hedge funds and other institutional investors own 37.40% of the company’s stock.

BABA has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $120.00 target price on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 16th. MKM Partners reaffirmed a “buy” rating and set a $155.00 price objective (up from $130.00) on shares of Alibaba Group Holding Limited in a research note on Wednesday, May 17th. Needham & Company LLC lifted their price objective on Alibaba Group Holding Limited from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, May 19th. Barclays PLC lifted their price objective on Alibaba Group Holding Limited from $132.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $139.00 price objective (up from $120.00) on shares of Alibaba Group Holding Limited in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $169.12.

Shares of Alibaba Group Holding Limited (BABA) opened at 169.00 on Friday. The company has a market cap of $429.77 billion, a price-to-earnings ratio of 57.35 and a beta of 2.62. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $177.00. The firm has a 50-day moving average price of $161.90 and a 200 day moving average price of $131.51.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the previous year, the business earned $0.74 EPS. On average, analysts predict that Alibaba Group Holding Limited will post $5.10 EPS for the current fiscal year.

Alibaba Group Holding Limited declared that its board has approved 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 reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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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.

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

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