Prudential PLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 38.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,303,000 shares of the specialty retailer’s stock after buying an additional 361,300 shares during the quarter. Prudential PLC owned 0.05% of Alibaba Group Holding Limited worth $183,593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BABA. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth about $102,000. FNY Managed Accounts LLC acquired a new stake in shares of Alibaba Group Holding Limited in the 1st quarter valued at about $107,000. Lee Financial Co grew its stake in shares of Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC grew its stake in shares of Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the period. Finally, WFG Advisors LP grew its stake in shares of Alibaba Group Holding Limited by 5.3% in the 1st quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the period. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

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BABA has been the subject of a number of research reports. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 price objective for the company in a research note on Wednesday, September 6th. Barclays PLC upped their target price on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG lowered their target price on Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a research report on Thursday, September 7th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 target price on the stock in a report on Thursday, June 15th. Finally, BidaskClub cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and a consensus target price of $175.48.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 2.07% during trading on Tuesday, reaching $177.21. 7,121,652 shares of the company traded hands. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $180.87. The company has a market capitalization of $450.65 billion, a P/E ratio of 58.82 and a beta of 2.61. The company’s 50-day moving average price is $171.33 and its 200-day moving average price is $140.21.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The company 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 period in the previous year, the company posted $0.74 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.96 EPS 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.

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

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