Matthews International Capital Management LLC increased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 5.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,358,056 shares of the specialty retailer’s stock after purchasing an additional 118,200 shares during the period. Alibaba Group makes up about 20.2% of Matthews International Capital Management LLC’s holdings, making the stock its biggest holding. Matthews International Capital Management LLC’s holdings in Alibaba Group were worth $430,227,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Successful Portfolios LLC boosted its position in Alibaba Group by 3.8% during the 1st quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock valued at $277,000 after buying an additional 55 shares during the period. Cypress Wealth Services LLC lifted its position in shares of Alibaba Group by 3.8% in the 1st quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock worth $276,000 after purchasing an additional 56 shares during the period. Regentatlantic Capital LLC lifted its position in shares of Alibaba Group by 2.4% in the 1st quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock worth $474,000 after purchasing an additional 61 shares during the period. Winslow Evans & Crocker Inc. lifted its position in shares of Alibaba Group by 5.4% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 66 shares during the period. Finally, LFA Lugano Financial Advisors SA lifted its position in shares of Alibaba Group by 25.9% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 340 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 70 shares during the period. 40.49% of the stock is owned by institutional investors.

NYSE:BABA opened at $169.57 on Monday. The stock has a market cap of $434.29 billion, a price-to-earnings ratio of 47.23, a PEG ratio of 1.40 and a beta of 2.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.25. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. During the same period last year, the business earned $5.73 EPS. Alibaba Group’s revenue was up 51.0% compared to the same quarter last year. Equities research analysts expect that Alibaba Group Holding Ltd will post 4.88 earnings per share for the current year.

BABA has been the subject of several research reports. TH Capital increased their price target on shares of Alibaba Group from $180.00 to $220.00 in a research note on Monday, May 13th. KeyCorp set a $200.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. Argus reiterated a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. Finally, Nomura reiterated a “buy” rating and issued a $205.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and a consensus target price of $216.67.

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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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