Timber Hill LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,436 shares of the specialty retailer’s stock, valued at approximately $593,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Eagle Investment Management LLC acquired a new stake in Alibaba Group Holding Limited in the 3rd quarter worth $104,000. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group Holding Limited in the 2nd quarter worth $102,000. Lee Financial Co grew its position 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 during the last quarter. Winch Advisory Services LLC grew its position 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 during the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Alibaba Group Holding Limited in the 2nd quarter worth $116,000. Hedge funds and other institutional investors own 37.47% of the company’s stock.

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Alibaba Group Holding Limited (BABA) traded down $0.29 during midday trading on Friday, reaching $185.18. 8,140,000 shares of the company’s stock traded hands, compared to its average volume of 17,590,000. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.22. The company has a market capitalization of $474,290.00, a price-to-earnings ratio of 52.76, a P/E/G ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 33.18% and a return on equity of 22.83%. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. sell-side analysts expect that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $206.73 target price on the stock. in a research report on Friday. Needham & Company LLC lifted their target price on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada lifted their target price on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation lifted their target price on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, KeyCorp set a $182.00 target price on shares of Alibaba Group Holding Limited and gave the company an “overweight” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $184.45.

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.

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

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