Segall Bryant & Hamill LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 72.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,307 shares of the specialty retailer’s stock after purchasing an additional 3,075 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Alibaba Group were worth $1,262,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in Alibaba Group during the 3rd quarter worth approximately $104,000. Winch Advisory Services LLC grew its position in shares of Alibaba Group 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 acquiring an additional 482 shares during the period. San Francisco Sentry Investment Group CA bought a new position in shares of Alibaba Group in the 2nd quarter valued at about $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Alibaba Group by 29.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after buying an additional 200 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Alibaba Group by 22.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock worth $139,000 after buying an additional 179 shares during the last quarter. 38.13% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on BABA. Bank of America raised their target price on shares of Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Macquarie increased their price target on shares of Alibaba Group from $171.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. SunTrust Banks began coverage on shares of Alibaba Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price for the company. KeyCorp set a $182.00 target price on shares of Alibaba Group and gave the stock an “overweight” rating in a research report on Friday, August 18th. Finally, MKM Partners increased their target price on shares of Alibaba Group from $177.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and an average target price of $185.14.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $179.29 on Tuesday. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.75. The stock has a market cap of $454,912.16, a PE ratio of 51.63, a PEG ratio of 1.34 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

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About Alibaba Group

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 (NYSE:BABA)

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