Williams Jones & Associates LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,183 shares of the specialty retailer’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Shine Investment Advisory Services Inc. purchased a new position in Alibaba Group Holding Limited during the second quarter valued at $102,000. FNY Managed Accounts LLC purchased a new position in Alibaba Group Holding Limited during the first quarter valued at $107,000. Lee Financial Co raised its stake in Alibaba Group Holding Limited by 45.5% during the second 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 last quarter. Winch Advisory Services LLC raised its stake in 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 valued at $114,000 after buying an additional 482 shares during the last quarter. Finally, WFG Advisors LP raised its stake in 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 valued at $127,000 after buying an additional 59 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

A number of research analysts have issued reports on the company. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Alibaba Group Holding Limited in a research note on Thursday. Vetr cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 price objective for the company. in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Alibaba Group Holding Limited in a research note on Thursday, September 21st. Cantor Fitzgerald assumed coverage on Alibaba Group Holding Limited in a research note on Friday, September 22nd. They set an “overweight” rating and a $213.00 price objective for the company. Finally, MKM Partners lifted their price objective on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $175.55.

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Alibaba Group Holding Limited (BABA) opened at 178.18 on Friday. The stock has a market capitalization of $453.11 billion, a P/E ratio of 59.14 and a beta of 2.60. The stock has a 50 day moving average price of $173.17 and a 200 day moving average price of $141.28. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $180.87.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS 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 last year, the firm earned $0.74 EPS. Equities analysts predict that Alibaba Group Holding Limited will post $4.95 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.

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

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