Nationwide Fund Advisors boosted its position in Alibaba Group Holding Ltd. (NYSE:BABA) by 16.8% during the second quarter, Holdings Channel reports. The institutional investor owned 99,304 shares of the company’s stock after buying an additional 14,304 shares during the period. Nationwide Fund Advisors’ holdings in Alibaba Group Holding were worth $7,898,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group raised its stake in Alibaba Group Holding by 25.5% in the second quarter. Schroder Investment Management Group now owns 19,550,484 shares of the company’s stock worth $1,554,850,000 after buying an additional 3,977,085 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Alibaba Group Holding by 5.9% in the second quarter. Advisors Asset Management Inc. now owns 157,752 shares of the company’s stock worth $12,546,000 after buying an additional 8,751 shares in the last quarter. Suffolk Capital Management LLC raised its stake in Alibaba Group Holding by 9.0% in the second quarter. Suffolk Capital Management LLC now owns 145,041 shares of the company’s stock worth $11,535,000 after buying an additional 11,930 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Alibaba Group Holding by 200.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,340,418 shares of the company’s stock worth $106,603,000 after buying an additional 893,600 shares in the last quarter. Finally, Compton Capital Management Inc. RI raised its stake in Alibaba Group Holding by 12.8% in the second quarter. Compton Capital Management Inc. RI now owns 11,470 shares of the company’s stock worth $912,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 28.97% of the company’s stock.

Alibaba Group Holding Ltd. (NYSE:BABA) traded down 1.72% on Friday, hitting $107.48. 15,737,055 shares of the company were exchanged. Alibaba Group Holding Ltd. has a 52 week low of $57.20 and a 52 week high of $109.76. The company has a market capitalization of $265.80 billion, a P/E ratio of 38.07 and a beta of 2.97. The firm’s 50 day moving average is $97.18 and its 200 day moving average is $83.22.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Thursday, August 11th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. The company earned $4.84 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Ltd. will post $3.29 earnings per share for the current fiscal year.

Several brokerages have commented on BABA. Vetr lowered shares of Alibaba Group Holding from a “buy” rating to a “hold” rating and set a $113.29 price objective for the company. in a report on Thursday. Stifel Nicolaus raised their price objective on shares of Alibaba Group Holding from $104.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America Corp. restated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Alibaba Group Holding in a report on Tuesday. Cantor Fitzgerald restated a “buy” rating on shares of Alibaba Group Holding in a report on Friday, September 9th. Finally, Brean Capital restated a “buy” rating on shares of Alibaba Group Holding in a report on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $107.37.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.

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