Calixto Global Investors LP cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,189 shares of the specialty retailer’s stock after selling 35,051 shares during the period. Alibaba Group Holding Limited accounts for about 14.6% of Calixto Global Investors LP’s holdings, making the stock its 2nd biggest position. Calixto Global Investors LP’s holdings in Alibaba Group Holding Limited were worth $55,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group Holding Limited during the second quarter worth approximately $102,000. FNY Managed Accounts LLC purchased a new position in shares of Alibaba Group Holding Limited during the first quarter worth approximately $107,000. Lee Financial Co grew its position in shares of Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 250 shares during the last quarter. Winch Advisory Services LLC grew its position in shares of Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares during the last quarter. Finally, WFG Advisors LP grew its position in shares of Alibaba Group Holding Limited by 5.3% during the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 37.38% of the company’s stock.

A number of equities analysts have recently issued reports on BABA shares. Needham & Company LLC raised their target price on shares of Alibaba Group Holding Limited from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, June 8th. Vetr lowered shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $146.97 target price on the stock. in a research report on Thursday, June 8th. Deutsche Bank AG restated a “buy” rating and set a $151.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Stifel Nicolaus restated a “buy” rating and set a $139.00 target price on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 target price on shares of Alibaba Group Holding Limited and gave the stock a “buy” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $174.24.

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Shares of Alibaba Group Holding Limited (BABA) traded up 1.45% on Friday, reaching $172.71. 13,401,803 shares of the company traded hands. The company has a market capitalization of $439.20 billion, a PE ratio of 57.32 and a beta of 2.62. The firm has a 50-day moving average of $166.56 and a 200-day moving average of $135.68. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $180.87.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the 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 business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.96 earnings per share for the current fiscal year.

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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