TD Asset Management Inc. grew its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,689,334 shares of the specialty retailer’s stock after purchasing an additional 182,762 shares during the period. TD Asset Management Inc. owned approximately 0.07% of Alibaba Group worth $286,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BABA. Keybank National Association OH lifted its stake in shares of Alibaba Group by 3.1% in the 2nd quarter. Keybank National Association OH now owns 12,772 shares of the specialty retailer’s stock valued at $2,164,000 after purchasing an additional 380 shares during the period. Charter Trust Co. lifted its stake in Alibaba Group by 17.3% in the second quarter. Charter Trust Co. now owns 7,030 shares of the specialty retailer’s stock valued at $1,191,000 after purchasing an additional 1,039 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Alibaba Group by 8.0% in 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 last quarter. Hartwell J M Limited Partnership lifted its stake in Alibaba Group by 2.3% in 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 last quarter. Finally, CIBC Private Wealth Group LLC lifted its position 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 worth $39,683,000 after acquiring an additional 14,672 shares in the last quarter. Institutional investors own 41.06% of the company’s stock.

BABA has been the topic of a number of recent analyst reports. UBS Group set a $210.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th. Jefferies Financial Group began coverage on shares of Alibaba Group in a report on Monday, August 5th. They set a “buy” rating and a $216.00 target price for the company. TH Capital raised their price target on shares of Alibaba Group from $180.00 to $220.00 in a research report on Monday, May 13th. Finally, Raymond James cut their price objective on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. One research analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $218.48.

NYSE BABA traded up $4.72 during mid-day trading on Tuesday, hitting $164.03. The company’s stock had a trading volume of 21,510,459 shares, compared to its average volume of 18,802,676. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The company has a fifty day moving average price of $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 stock has a market cap of $404.86 billion, a price-to-earnings ratio of 45.69, a P/E/G ratio of 1.43 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $7.82. The firm had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The firm’s revenue was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.73 earnings per share. As a group, research analysts anticipate that Alibaba Group Holding Ltd will post 5.04 earnings per share for the current year.

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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