SeaTown Holdings Pte. Ltd. decreased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 19.3% during the second quarter, Holdings Channel.com reports. The fund owned 238,000 shares of the specialty retailer’s stock after selling 57,000 shares during the quarter. Alibaba Group accounts for 7.4% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 2nd largest holding. SeaTown Holdings Pte. Ltd.’s holdings in Alibaba Group were worth $40,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Charter Trust Co. boosted its stake in Alibaba Group by 17.3% during the second quarter. Charter Trust Co. now owns 7,030 shares of the specialty retailer’s stock worth $1,191,000 after buying an additional 1,039 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Alibaba Group by 8.0% during the second quarter. Wedbush Securities Inc. now owns 17,462 shares of the specialty retailer’s stock valued at $2,959,000 after purchasing an additional 1,296 shares during the period. Hartwell J M Limited Partnership boosted its stake in shares of Alibaba Group by 2.3% during the second quarter. Hartwell J M Limited Partnership now owns 115,291 shares of the specialty retailer’s stock valued at $19,536,000 after purchasing an additional 2,556 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Alibaba Group by 6.7% during the second quarter. CIBC Private Wealth Group LLC now owns 234,185 shares of the specialty retailer’s stock valued at $39,683,000 after purchasing an additional 14,672 shares during the period. Finally, Cibc Bank USA purchased a new stake in shares of Alibaba Group during the second quarter valued at $374,000. Institutional investors own 41.06% of the company’s stock.

Shares of Alibaba Group stock traded up $5.40 during trading on Tuesday, reaching $164.71. The company’s stock had a trading volume of 1,996,842 shares, compared to its average volume of 18,802,676. The business’s 50 day simple moving average is $169.65. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $404.86 billion, a P/E ratio of 45.83, a P/E/G ratio of 1.43 and a beta of 2.30. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $195.72.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The company had revenue of $93.50 billion for the quarter, compared to the consensus estimate of $91.68 billion. During the same period in the previous year, the business earned $5.73 earnings per share. Alibaba Group’s quarterly revenue was up 51.0% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.

BABA has been the subject of a number of recent research reports. Jefferies Financial Group started coverage on shares of Alibaba Group in a report on Monday, August 5th. They issued a “buy” rating and a $216.00 target price for the company. Raymond James decreased their target price on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a research report on Friday, May 24th. Loop Capital began coverage on Alibaba Group in a research report on Monday, June 3rd. They set a “buy” rating and a $250.00 target price on the stock. Finally, UBS Group set a $210.00 target price on Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and a consensus target price of $218.48.

Alibaba Group 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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