Investment Centers of America Inc. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,756 shares of the specialty retailer’s stock after selling 108 shares during the quarter. Investment Centers of America Inc.’s holdings in Alibaba Group Holding Limited were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BABA. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the 2nd quarter worth approximately $102,000. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited during the 1st quarter worth approximately $107,000. Lee Financial Co increased its stake in shares of Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares during the last quarter. Finally, WFG Advisors LP increased its stake in shares of Alibaba Group Holding Limited by 5.3% during the 1st quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after purchasing an additional 59 shares during the last quarter. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on BABA. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $193.24 price target for the company. in a research note on Tuesday, September 12th. Needham & Company LLC raised their price target on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada raised their price target on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation raised their price target on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, KeyCorp set a $182.00 price target on shares of Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $169.20.

Alibaba Group Holding Limited (NYSE BABA) traded down 0.23% during mid-day trading on Friday, reaching $176.70. 26,567,550 shares of the company’s stock traded hands. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $179.93. The stock has a 50-day moving average price of $165.20 and a 200-day moving average price of $134.13. The stock has a market capitalization of $449.35 billion, a PE ratio of 59.32 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The business had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter last year, the business earned $0.74 earnings per share. Equities research analysts expect that Alibaba Group Holding Limited will post $5.04 EPS for the current year.

WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/17/alibaba-group-holding-limited-baba-holdings-lowered-by-investment-centers-of-america-inc.html.

Alibaba Group Holding Limited 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.

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

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.