Alibaba Group Holding Limited (BABA) Shares Bought by Sandy Spring Bank

Sandy Spring Bank lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,629 shares of the specialty retailer’s stock after purchasing an additional 75 shares during the quarter. Sandy Spring Bank’s holdings in Alibaba Group Holding Limited were worth $793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Alibaba Group Holding Limited by 2,538.7% during the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Alibaba Group Holding Limited by 3.3% during the first quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock worth $2,657,606,000 after buying an additional 776,232 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Alibaba Group Holding Limited by 10.4% during the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock worth $2,332,996,000 after buying an additional 2,030,747 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Alibaba Group Holding Limited by 3.3% during the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after buying an additional 661,109 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Alibaba Group Holding Limited by 1.8% during the first quarter. State Street Corp now owns 18,826,837 shares of the specialty retailer’s stock worth $2,030,102,000 after buying an additional 329,969 shares in the last quarter. 37.38% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. Vetr downgraded Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price objective for the company. in a report on Tuesday, August 22nd. SunTrust Banks, Inc. increased their price objective on Alibaba Group Holding Limited from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. MKM Partners increased their price objective on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $190.00 price objective (up from $165.00) on shares of Alibaba Group Holding Limited in a report on Friday, August 25th. Finally, Deutsche Bank AG decreased their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $169.20.

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Shares of Alibaba Group Holding Limited (BABA) traded up 1.27% during trading on Monday, reaching $178.94. The company’s stock had a trading volume of 2,881,190 shares. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $179.93. The stock has a 50-day moving average of $165.20 and a 200-day moving average of $134.13. The stock has a market cap of $455.04 billion, a P/E ratio of 60.07 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter last year, the business posted $0.74 earnings per share. Analysts predict that Alibaba Group Holding Limited will post $5.04 earnings per share for the current fiscal year.

Alibaba Group Holding Limited Profile

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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