Sumitomo Mitsui Financial Group Inc. Purchases New Holdings in Alibaba Group Holding Ltd (BABA)

Sumitomo Mitsui Financial Group Inc. purchased a new stake in Alibaba Group Holding Ltd (NYSE:BABA) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,005 shares of the specialty retailer’s stock, valued at approximately $832,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Viridian Ria LLC boosted its stake in shares of Alibaba Group by 5.2% during the 2nd quarter. Viridian Ria LLC now owns 5,749 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 285 shares during the last quarter. Wagner Bowman Management Corp boosted its stake in shares of Alibaba Group by 20.9% during the 2nd quarter. Wagner Bowman Management Corp now owns 1,680 shares of the specialty retailer’s stock worth $311,000 after purchasing an additional 290 shares during the last quarter. Adviser Investments LLC boosted its stake in shares of Alibaba Group by 16.5% during the 2nd quarter. Adviser Investments LLC now owns 2,060 shares of the specialty retailer’s stock worth $382,000 after purchasing an additional 292 shares during the last quarter. Fiduciary Trust Co. boosted its stake in shares of Alibaba Group by 7.4% during the 2nd quarter. Fiduciary Trust Co. now owns 4,250 shares of the specialty retailer’s stock worth $789,000 after purchasing an additional 294 shares during the last quarter. Finally, OLD Second National Bank of Aurora boosted its stake in shares of Alibaba Group by 44.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 975 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 38.14% of the company’s stock.

BABA has been the topic of several analyst reports. Raymond James decreased their price target on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 16th. SunTrust Banks decreased their price target on shares of Alibaba Group from $215.00 to $205.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Deutsche Bank set a $196.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Thursday, August 23rd. MED decreased their price target on shares of Alibaba Group to $196.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $256.00 price target on shares of Alibaba Group in a research note on Thursday, August 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $214.55.

NYSE BABA opened at $151.39 on Monday. Alibaba Group Holding Ltd has a one year low of $130.06 and a one year high of $211.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $394.67 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 1.42 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. Alibaba Group’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. Equities research analysts predict that Alibaba Group Holding Ltd will post 3.48 EPS for the current year.

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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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