National Planning Corp lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,190 shares of the specialty retailer’s stock after selling 352 shares during the period. National Planning Corp’s holdings in Alibaba Group Holding Limited were worth $1,437,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC raised its stake in Alibaba Group Holding Limited by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 23 shares during the last quarter. Ronald Blue & Co. LLC raised its stake in Alibaba Group Holding Limited by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 25 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after buying an additional 30 shares during the last quarter. Comerica Securities Inc. raised its stake in Alibaba Group Holding Limited by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 47 shares during the last quarter. Finally, WFG Advisors LP raised 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 last quarter. Institutional investors and hedge funds own 36.75% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) opened at 151.77 on Friday. The stock has a 50 day moving average price of $149.54 and a 200-day moving average price of $122.11. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $160.39. The company has a market capitalization of $383.98 billion, a PE ratio of 60.06 and a beta of 2.64.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.26 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same period in the previous year, the company posted $0.47 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post $4.64 earnings per share for the current fiscal year.

Alibaba Group Holding Limited declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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Several research firms have issued reports on BABA. Robert W. Baird restated an “outperform” rating and issued a $135.00 price objective (up previously from $116.00) on shares of Alibaba Group Holding Limited in a research note on Friday, May 19th. BidaskClub upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday. MKM Partners restated a “buy” rating and issued a $130.00 price objective on shares of Alibaba Group Holding Limited in a research note on Tuesday, April 18th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. Finally, Sanford C. Bernstein upped their price objective on Alibaba Group Holding Limited from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. Alibaba Group Holding Limited presently has a consensus rating of “Buy” and a consensus target price of $142.21.

Alibaba Group Holding Limited Company Profile

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.

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

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