Laurel Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,678 shares of the specialty retailer’s stock, valued at approximately $236,000.

A number of other hedge funds also recently modified their holdings of the stock. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group Holding Limited in the second quarter worth about $102,000. FNY Managed Accounts LLC acquired a new stake in Alibaba Group Holding Limited in the first quarter worth about $107,000. Lee Financial Co boosted its holdings in Alibaba Group Holding Limited by 45.5% in 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 in the last quarter. Winch Advisory Services LLC boosted its holdings in Alibaba Group Holding Limited by 147.4% in 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 in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Alibaba Group Holding Limited in the second quarter worth about $116,000. 37.39% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on BABA shares. Instinet raised their price target on Alibaba Group Holding Limited from $139.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Deutsche Bank AG lowered their price target on Alibaba Group Holding Limited to $158.00 and set a “buy” rating for the company in a report on Monday, June 19th. Pacific Crest reissued a “buy” rating and issued a $137.00 price target on shares of Alibaba Group Holding Limited in a report on Monday, June 19th. Vetr downgraded Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $148.71 price target for the company. in a report on Wednesday, June 21st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $170.00 price target on shares of Alibaba Group Holding Limited in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four 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 a consensus target price of $176.12.

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Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 0.43% during midday trading on Wednesday, reaching $183.90. The company’s stock had a trading volume of 5,380,766 shares. The firm has a market capitalization of $471.00 billion, a price-to-earnings ratio of 74.45 and a beta of 2.60. The firm’s 50 day moving average is $174.42 and its 200 day moving average is $143.40. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $184.53.

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, 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 company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the company posted $0.74 earnings per share. Equities analysts forecast that Alibaba Group Holding Limited will post $4.94 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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