Edinburgh Partners Ltd Has $352,000 Stake in Alibaba Group Holding Limited (BABA)

Edinburgh Partners Ltd held its position in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,500 shares of the specialty retailer’s stock at the end of the second quarter. Alibaba Group Holding Limited comprises 0.1% of Edinburgh Partners Ltd’s holdings, making the stock its 8th largest position. Edinburgh Partners Ltd’s holdings in Alibaba Group Holding Limited were worth $352,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV increased its position in Alibaba Group Holding Limited by 5.8% in the second quarter. KBC Group NV now owns 769,138 shares of the specialty retailer’s stock valued at $108,372,000 after buying an additional 42,114 shares during the period. Darrell & King LLC increased its position in Alibaba Group Holding Limited by 2.2% in the second quarter. Darrell & King LLC now owns 208,532 shares of the specialty retailer’s stock valued at $29,382,000 after buying an additional 4,565 shares during the period. Ballentine Partners LLC purchased a new position in Alibaba Group Holding Limited during the second quarter valued at $8,665,000. Comerica Bank increased its position in Alibaba Group Holding Limited by 2.2% in the second quarter. Comerica Bank now owns 116,879 shares of the specialty retailer’s stock valued at $17,796,000 after buying an additional 2,564 shares during the period. Finally, Shikiar Asset Management Inc. purchased a new position in Alibaba Group Holding Limited during the second quarter valued at $2,000,000. Institutional investors and hedge funds own 36.81% of the company’s stock.

Alibaba Group Holding Limited (BABA) opened at 163.92 on Friday. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $168.00. The company has a 50-day moving average price of $151.65 and a 200-day moving average price of $124.10. The stock has a market capitalization of $414.72 billion, a price-to-earnings ratio of 64.87 and a beta of 2.64. Alibaba Group Holding Limited also saw some unusual options trading on Wednesday. Investors acquired 85,508 put options on the stock. This represents an increase of 228% compared to the typical volume of 26,062 put options.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.44. The company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same period last year, the firm earned $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.65 earnings per share for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Several research firms have recently weighed in on BABA. KeyCorp restated an “overweight” rating on shares of Alibaba Group Holding Limited in a research report on Friday. J P Morgan Chase & Co raised their target price on Alibaba Group Holding Limited to $205.00 and gave the company an “overweight” rating in a research report on Friday. They noted that the move was a valuation call. Royal Bank Of Canada raised their target price on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Thursday. Finally, Vetr downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 target price on the stock. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding Limited has an average rating of “Buy” and a consensus target price of $151.29.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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