Bollard Group LLC boosted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 271,846 shares of the specialty retailer’s stock after buying an additional 1,500 shares during the quarter. Alibaba Group accounts for 1.8% of Bollard Group LLC’s portfolio, making the stock its 5th biggest position. Bollard Group LLC’s holdings in Alibaba Group were worth $44,789,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BABA. Duncker Streett & Co. Inc. lifted its holdings in Alibaba Group by 195.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock worth $112,000 after buying an additional 400 shares during the period. Stelac Advisory Services LLC purchased a new stake in Alibaba Group in the 2nd quarter worth approximately $116,000. AlphaMark Advisors LLC lifted its holdings in Alibaba Group by 468.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock worth $150,000 after buying an additional 750 shares during the period. Columbia Asset Management purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $160,000. Finally, OLD Second National Bank of Aurora lifted its holdings in Alibaba Group by 44.4% in the 2nd quarter. OLD Second National Bank of Aurora now owns 975 shares of the specialty retailer’s stock worth $180,000 after buying an additional 300 shares during the period. Institutional investors own 38.86% of the company’s stock.

BABA stock opened at $156.22 on Friday. Alibaba Group Holding Ltd has a twelve month low of $130.06 and a twelve month high of $211.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $365.78 billion, a P/E ratio of 38.76, a P/E/G ratio of 1.32 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 49.6% on a year-over-year basis. Equities research analysts forecast that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

BABA has been the subject of several research analyst reports. Raymond James dropped their price objective on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, August 16th. SunTrust Banks lowered their target price on Alibaba Group from $215.00 to $205.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. Deutsche Bank set a $196.00 target price on Alibaba Group and gave the company a “buy” rating in a research note on Thursday, August 23rd. MED lowered their target price on Alibaba Group to $196.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $256.00 target price on shares of Alibaba Group in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $214.55.

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

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