Edmond DE Rothschild Holding S.A. trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 275,839 shares of the specialty retailer’s stock after selling 9,755 shares during the quarter. Alibaba Group Holding Limited comprises approximately 1.1% of Edmond DE Rothschild Holding S.A.’s portfolio, making the stock its 22nd biggest position. Edmond DE Rothschild Holding S.A.’s holdings in Alibaba Group Holding Limited were worth $38,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in Alibaba Group Holding Limited in the 2nd quarter worth about $102,000. Lee Financial Co increased its holdings in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares in the last quarter. Winch Advisory Services LLC increased its holdings in Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in Alibaba Group Holding Limited by 9.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 930 shares of the specialty retailer’s stock worth $131,000 after buying an additional 80 shares in the last quarter. Finally, West Oak Capital LLC increased its holdings in Alibaba Group Holding Limited by 81.0% in the 2nd quarter. West Oak Capital LLC now owns 950 shares of the specialty retailer’s stock worth $134,000 after buying an additional 425 shares in the last quarter. Institutional investors own 37.40% of the company’s stock.

Several research firms recently commented on BABA. Vetr downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $193.24 price objective for the company. in a report on Tuesday. Deutsche Bank AG reduced their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a report on Thursday, September 7th. Bank of America Corporation restated a “buy” rating and set a $193.00 price target on shares of Alibaba Group Holding Limited in a research note on Thursday, September 7th. J P Morgan Chase & Co restated a “buy” rating and set a $200.00 price target on shares of Alibaba Group Holding Limited in a research note on Wednesday, September 6th. Finally, Oppenheimer Holdings, Inc. boosted their price target on Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research note on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $169.20.

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Alibaba Group Holding Limited (NYSE:BABA) traded up 0.6472% during trading on Friday, hitting $178.2462. The stock had a trading volume of 6,795,503 shares. The company has a market cap of $453.28 billion, a PE ratio of 59.8342 and a beta of 2.62. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $179.93. The company’s 50 day moving average is $164.56 and its 200-day moving average is $133.60.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter last year, the business posted $0.74 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post $5.04 earnings per share for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has approved a share buyback program 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. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.

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

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