Fiduciary Trust Co. Has $789,000 Stake in Alibaba Group Holding Ltd (BABA)
Fiduciary Trust Co. increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 7.4% during the second quarter, Holdings Channel reports. The fund owned 4,250 shares of the specialty retailer’s stock after purchasing an additional 294 shares during the period. Fiduciary Trust Co.’s holdings in Alibaba Group were worth $789,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. grew its holdings in Alibaba Group by 15.0% in the 2nd quarter. Sei Investments Co. now owns 1,410,460 shares of the specialty retailer’s stock valued at $261,683,000 after buying an additional 183,807 shares during the last quarter. Meridian Management Co. acquired a new stake in Alibaba Group in the 2nd quarter valued at approximately $2,375,000. LLBH Private Wealth Management LLC acquired a new stake in Alibaba Group in the 2nd quarter valued at approximately $521,000. Well Done LLC grew its holdings in Alibaba Group by 35.0% in the 2nd quarter. Well Done LLC now owns 1,708 shares of the specialty retailer’s stock valued at $316,000 after buying an additional 443 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in Alibaba Group by 5.7% in the 2nd quarter. Financial Counselors Inc. now owns 13,318 shares of the specialty retailer’s stock valued at $2,471,000 after buying an additional 721 shares during the last quarter. 37.97% of the stock is currently owned by institutional investors and hedge funds.
Alibaba Group stock opened at $180.01 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.27. The company has a market cap of $454.66 billion, a P/E ratio of 44.67, a P/E/G ratio of 1.14 and a beta of 2.49. Alibaba Group Holding Ltd has a one year low of $147.50 and a one year high of $211.70.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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