Employees Retirement System of Texas maintained its position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,600 shares of the specialty retailer’s stock at the end of the 2nd quarter. Alibaba Group Holding Limited comprises approximately 0.7% of Employees Retirement System of Texas’ investment portfolio, making the stock its 18th biggest holding. Employees Retirement System of Texas’ holdings in Alibaba Group Holding Limited were worth $53,908,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Alibaba Group Holding Limited by 0.9% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 23 shares in the last quarter. Ronald Blue & Co. LLC increased its stake in shares of Alibaba Group Holding Limited by 0.7% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after acquiring an additional 25 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Alibaba Group Holding Limited by 1.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after acquiring an additional 30 shares in the last quarter. Comerica Securities Inc. increased its stake in shares of Alibaba Group Holding Limited by 1.9% in the 1st quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after acquiring an additional 47 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its stake in shares of Alibaba Group Holding Limited by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 37.38% of the company’s stock.

Several analysts have recently weighed in on BABA shares. Robert W. Baird lifted their price objective on shares of Alibaba Group Holding Limited from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $208.00 price objective (up previously from $200.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, August 20th. J P Morgan Chase & Co began coverage on shares of Alibaba Group Holding Limited in a research report on Tuesday, June 27th. They issued an “overweight” rating and a $190.00 price target for the company. Oppenheimer Holdings, Inc. lifted their price target on shares of Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research report on Sunday, September 3rd. Finally, Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $173.25 price target for the company in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the stock. Alibaba Group Holding Limited currently has an average rating of “Buy” and an average target price of $174.24.

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Shares of Alibaba Group Holding Limited (BABA) traded up 1.45% during midday trading on Friday, hitting $172.71. The stock had a trading volume of 13,401,803 shares. The firm has a market cap of $439.20 billion, a price-to-earnings ratio of 57.32 and a beta of 2.62. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $180.87. The stock’s 50 day moving average price is $166.56 and its 200 day moving average price is $135.68.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm earned $0.74 EPS. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.96 EPS for the current fiscal year.

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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