HighPoint Advisor Group LLC continued to hold its stake in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,393 shares of the specialty retailer’s stock at the end of the second quarter. HighPoint Advisor Group LLC’s holdings in Alibaba Group Holding Limited were worth $673,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group Holding Limited in the 2nd quarter worth approximately $102,000. FNY Managed Accounts LLC acquired a new stake in Alibaba Group Holding Limited in the 1st quarter worth approximately $107,000. Lee Financial Co boosted its stake in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC boosted its stake in 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 worth $114,000 after purchasing 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 2nd quarter worth approximately $116,000. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

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Alibaba Group Holding Limited (NYSE BABA) traded down 0.52% during midday trading on Friday, hitting $179.59. 8,417,520 shares of the stock were exchanged. The stock has a market cap of $456.70 billion, a P/E ratio of 59.61 and a beta of 2.60. The firm has a 50-day moving average price of $174.85 and a 200-day moving average price of $143.96. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.74 EPS. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $4.99 EPS for the current fiscal year.

A number of analysts recently commented on the stock. BidaskClub upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday. HSBC Holdings plc reiterated a “buy” rating and issued a $204.00 target price on shares of Alibaba Group Holding Limited in a research note on Tuesday. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Monday. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Alibaba Group Holding Limited in a research note on Thursday, October 5th. Finally, Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 target price for the company. in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $177.09.

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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