Parametric Portfolio Associates LLC lessened its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 953,673 shares of the specialty retailer’s stock after selling 38,243 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Alibaba Group were worth $161,600,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Farmers National Bank purchased a new position in shares of Alibaba Group in the 1st quarter valued at 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 acquiring 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 acquiring an additional 109 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Alibaba Group by 100.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 100 shares during the period. Finally, Coastal Capital Group Inc. acquired a new position in Alibaba Group during the second quarter worth $34,000. Institutional investors own 44.23% of the company’s stock.

Shares of Alibaba Group stock traded up $1.25 on Wednesday, hitting $176.24. 5,364,790 shares of the company were exchanged, compared to its average volume of 13,538,173. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $170.04 and a 200 day moving average price of $173.28. The stock has a market capitalization of $452.34 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 1.09 and a beta of 2.28. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the 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 analysts’ expectations of $111.65 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. Research analysts forecast that Alibaba Group Holding Ltd will post 5.81 EPS for the current year.

BABA has been the topic of several research analyst reports. Goldman Sachs Group set a $236.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, August 16th. Benchmark restated 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. Jefferies Financial Group began coverage on shares of Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 price target for the company. Raymond James decreased their price target on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Finally, UBS Group set a $210.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $219.92.

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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