Harvest Fund Management Co. Ltd cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,282,224 shares of the specialty retailer’s stock after selling 43,438 shares during the quarter. Alibaba Group Holding Limited comprises approximately 26.3% of Harvest Fund Management Co. Ltd’s holdings, making the stock its biggest position. Harvest Fund Management Co. Ltd owned approximately 0.05% of Alibaba Group Holding Limited worth $180,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of 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 in the last quarter. Ronald Blue & Co. LLC grew its stake in shares of 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 in the last quarter. Cornerstone Advisors Inc. grew its stake in shares of 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 in the last quarter. Comerica Securities Inc. grew its stake in shares of 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 in the last quarter. Finally, Mosaic Family Wealth LLC grew its stake in shares of Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 52 shares in the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

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Several research firms recently weighed in on BABA. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $193.24 target price for the company. in a research note on Tuesday, September 12th. Deutsche Bank AG cut their price target 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 reaffirmed a “buy” rating and set a $193.00 price target on shares of Alibaba Group Holding Limited in a report on Thursday, September 7th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $200.00 price target on shares of Alibaba Group Holding Limited in a report on Wednesday, September 6th. Finally, Oppenheimer Holdings, Inc. raised their price target on Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Alibaba Group Holding Limited has an average rating of “Buy” and an average target price of $169.20.

Alibaba Group Holding Limited (NYSE:BABA) traded down 0.23% during mid-day trading on Friday, hitting $176.70. The stock had a trading volume of 26,567,550 shares. The firm has a market cap of $449.35 billion, a PE ratio of 59.32 and a beta of 2.62. The company’s 50 day moving average price is $165.20 and its 200 day moving average price is $134.13. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $179.93.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.74 EPS. Analysts anticipate that Alibaba Group Holding Limited will post $5.04 earnings per share for the current year.

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.

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

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