WCM Investment Management LLC raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 826.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 773,120 shares of the specialty retailer’s stock after buying an additional 689,634 shares during the quarter. WCM Investment Management LLC’s holdings in Alibaba Group were worth $16,376,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BABA. Farmers National Bank purchased a new position in shares of Alibaba Group in the 1st quarter worth about $25,000. Manchester Capital Management LLC increased its holdings in Alibaba Group by 171.4% in the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock worth $28,000 after buying an additional 96 shares in the last quarter. Lee Financial Co increased its holdings in Alibaba Group by 194.6% in the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after buying an additional 109 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in Alibaba Group by 100.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Finally, Coastal Capital Group Inc. bought a new stake in Alibaba Group in the 2nd quarter worth about $34,000. 42.12% of the stock is owned by institutional investors and hedge funds.

Shares of BABA stock traded down $3.55 during trading hours on Thursday, reaching $171.69. 8,380,091 shares of the company traded hands, compared to its average volume of 20,440,454. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $195.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $453.61 billion, a P/E ratio of 47.82, a P/E/G ratio of 1.47 and a beta of 2.30. The firm has a 50-day moving average price of $169.90 and a 200 day moving average price of $172.88.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm had revenue of $114.92 billion for the quarter, compared to analysts’ expectations of $111.65 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 42.0% on a year-over-year basis. Sell-side analysts predict that Alibaba Group Holding Ltd will post 5.81 EPS for the current year.

Several equities research analysts recently commented on BABA shares. KeyCorp lifted their price objective on Alibaba Group from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Jefferies Financial Group started coverage on Alibaba Group in a report on Monday, August 5th. They issued a “buy” rating and a $216.00 price objective for the company. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Loop Capital started coverage on Alibaba Group in a report on Monday, June 3rd. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $218.96.

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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