Commonwealth Bank of Australia raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,936 shares of the specialty retailer’s stock after buying an additional 729 shares during the quarter. Commonwealth Bank of Australia’s holdings in Alibaba Group Holding Limited were worth $554,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter valued at about $102,000. Lee Financial Co boosted its position in shares of Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 250 shares during the last quarter. Winch Advisory Services LLC boosted its position in shares of Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 482 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Alibaba Group Holding Limited by 9.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 930 shares of the specialty retailer’s stock valued at $131,000 after acquiring an additional 80 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in shares of Alibaba Group Holding Limited by 81.0% during the 2nd quarter. West Oak Capital LLC now owns 950 shares of the specialty retailer’s stock valued at $134,000 after acquiring an additional 425 shares during the last quarter. 37.38% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Limited (BABA) opened at 176.70 on Monday. The stock has a market capitalization of $449.35 billion, a PE ratio of 59.32 and a beta of 2.62. The company has a 50-day moving average price of $165.20 and a 200 day moving average price of $134.13. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $179.93.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for 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 period last year, the business posted $0.74 EPS. Equities analysts forecast that Alibaba Group Holding Limited will post $5.04 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on BABA. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $190.00 price target (up previously from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Royal Bank Of Canada lifted their price target on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target for the company in a research report on Thursday, June 15th. Macquarie lifted their price target on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $161.00 price target (up previously from $144.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, June 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $169.20.

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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