Gilder Gagnon Howe & Co. LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 10.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,047 shares of the specialty retailer’s stock after buying an additional 34,102 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Alibaba Group Holding Limited were worth $51,999,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BABA. FNY Managed Accounts LLC purchased a new stake in Alibaba Group Holding Limited during the first quarter valued at about $107,000. Lee Financial Co boosted its stake in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the period. Webster Bank N. A. boosted its stake in Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares during the period. WFG Advisors LP boosted its stake in Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in Alibaba Group Holding Limited by 9.4% in the second quarter. Carroll Financial Associates Inc. now owns 930 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 80 shares during the period. 36.75% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 153.33 on Monday. The stock has a market cap of $387.92 billion, a P/E ratio of 61.09 and a beta of 2.64. Alibaba Group Holding Limited has a one year low of $83.17 and a one year high of $160.39. The firm has a 50 day moving average of $146.12 and a 200 day moving average of $119.67.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the previous year, the business posted $0.47 EPS. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.56 EPS for the current fiscal year.

Alibaba Group Holding Limited declared that its board has approved a stock buyback plan on Thursday, May 18th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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BABA has been the subject of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $129.84 price objective for the company. in a research report on Monday, May 8th. MKM Partners reaffirmed a “buy” rating and set a $155.00 price objective (up from $130.00) on shares of Alibaba Group Holding Limited in a research report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $120.00 price objective on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 16th. Finally, Benchmark Co. initiated coverage on shares of Alibaba Group Holding Limited in a research report on Tuesday, April 18th. They set a “buy” rating and a $140.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $140.99.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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