Neuburgh Advisers LLC lessened its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 20.1% in the second quarter, Holdings Channel.com reports. The fund owned 4,182 shares of the specialty retailer’s stock after selling 1,054 shares during the quarter. Neuburgh Advisers LLC’s holdings in Alibaba Group were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BABA. Comerica Securities Inc. increased its position in shares of Alibaba Group by 51.9% during the fourth quarter. Comerica Securities Inc. now owns 5,435 shares of the specialty retailer’s stock worth $745,000 after acquiring an additional 1,857 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Alibaba Group by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 2,450,597 shares of the specialty retailer’s stock worth $333,476,000 after buying an additional 244,334 shares in the last quarter. USS Investment Management Ltd increased its stake in shares of Alibaba Group by 10.0% in the first quarter. USS Investment Management Ltd now owns 2,373,700 shares of the specialty retailer’s stock worth $433,105,000 after buying an additional 216,500 shares during the last quarter. HL Financial Services LLC bought a new stake in shares of Alibaba Group in the first quarter worth $270,000. Finally, Gabelli Funds LLC raised its holdings in Alibaba Group by 172.1% in the first quarter. Gabelli Funds LLC now owns 16,600 shares of the specialty retailer’s stock valued at $3,029,000 after acquiring an additional 10,500 shares in the last quarter. 44.23% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on BABA shares. Mizuho raised their price objective on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Raymond James dropped their target price on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. SunTrust Banks restated a “positive” rating and issued a $210.00 target price (up previously from $205.00) on shares of Alibaba Group in a research note on Thursday, August 15th. Benchmark reaffirmed a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Finally, Stifel Nicolaus lifted their price target on Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $219.92.

Shares of NYSE BABA traded up $0.86 during mid-day trading on Wednesday, hitting $175.85. The company had a trading volume of 4,344,910 shares, compared to its average volume of 13,538,173. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The stock has a market cap of $452.34 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 1.09 and a beta of 2.28. 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 firm’s 50 day simple moving average is $170.04 and its two-hundred day simple moving average is $173.28.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $111.65 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm’s revenue was up 42.0% on a year-over-year basis. Equities analysts forecast that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current year.

Alibaba Group Profile

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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