Tower Research Capital LLC TRC Purchases 179 Shares of Alibaba Group Holding Limited (BABA)

Tower Research Capital LLC TRC raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 983 shares of the specialty retailer’s stock after purchasing an additional 179 shares during the period. Tower Research Capital LLC TRC’s holdings in Alibaba Group Holding Limited were worth $139,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BABA. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth about $102,000. FNY Managed Accounts LLC purchased a new position in shares of Alibaba Group Holding Limited during the 1st quarter worth about $107,000. Lee Financial Co lifted its holdings in shares of Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 250 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth about $116,000. Institutional investors own 37.39% of the company’s stock.

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Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday. HSBC Holdings plc reiterated a “buy” rating and set a $204.00 price objective on shares of Alibaba Group Holding Limited in a report on Tuesday. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Monday. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Alibaba Group Holding Limited in a report on Thursday, October 5th. Finally, Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 price objective on the stock. in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $177.09.

Shares of Alibaba Group Holding Limited (BABA) traded down 0.64% during trading on Thursday, reaching $183.50. The company had a trading volume of 4,933,051 shares. The stock has a 50 day moving average price of $174.71 and a 200 day moving average price of $143.69. The firm has a market capitalization of $466.64 billion, a PE ratio of 60.90 and a beta of 2.60. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same period in the previous year, the business posted $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.99 EPS for the current 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.

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

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