Moody Lynn & Lieberson LLC Invests $825,000 in Alibaba Group Holding Ltd (BABA)

Moody Lynn & Lieberson LLC purchased a new stake in Alibaba Group Holding Ltd (NYSE:BABA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,005 shares of the specialty retailer’s stock, valued at approximately $825,000.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its position in Alibaba Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after buying an additional 2,077,793 shares during the period. Schroder Investment Management Group lifted its position in shares of Alibaba Group by 1.5% during the 2nd quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock worth $4,249,763,000 after purchasing an additional 328,861 shares during the last quarter. Morgan Stanley lifted its position in shares of Alibaba Group by 8.4% during the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock worth $2,963,007,000 after purchasing an additional 1,235,562 shares during the last quarter. OppenheimerFunds Inc. lifted its position in shares of Alibaba Group by 8.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock worth $2,927,474,000 after purchasing an additional 1,182,927 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP lifted its position in shares of Alibaba Group by 0.6% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 12,970,558 shares of the specialty retailer’s stock worth $2,413,173,000 after purchasing an additional 80,000 shares during the last quarter. 38.77% of the stock is owned by institutional investors.

Shares of NYSE:BABA opened at $133.38 on Tuesday. Alibaba Group Holding Ltd has a 12 month low of $131.36 and a 12 month high of $211.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The firm has a market cap of $365.91 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.11 and a beta of 2.41.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The company had revenue of $12.23 billion for the quarter, compared to analyst estimates of $12.25 billion. Equities analysts expect that Alibaba Group Holding Ltd will post 3.72 EPS for the current fiscal year.

BABA has been the subject of several recent analyst reports. ValuEngine cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. KeyCorp raised shares of Alibaba Group to a “buy” rating and set a $235.00 price objective for the company in a research report on Monday, July 9th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $305.00 price objective on shares of Alibaba Group in a research report on Monday, July 9th. Zacks Investment Research cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday, July 11th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and three have issued a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $221.76.

Alibaba Group Company 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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