Comerica Securities Inc. trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 10.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,256 shares of the specialty retailer’s stock after selling 271 shares during the period. Comerica Securities Inc.’s holdings in Alibaba Group Holding Limited were worth $318,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited in the 2nd quarter valued at approximately $102,000. Lee Financial Co lifted its stake in shares of Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 250 shares during the last quarter. Winch Advisory Services LLC lifted its stake in shares of 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 valued at $114,000 after purchasing an additional 482 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of 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 valued at $131,000 after purchasing an additional 80 shares during the last quarter. Finally, West Oak Capital LLC lifted its stake in shares of 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 valued at $134,000 after purchasing an additional 425 shares during the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. Vetr lowered Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price objective for the company. in a research note on Tuesday, August 22nd. MKM Partners raised their price objective on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. SunTrust Banks, Inc. raised their price objective on Alibaba Group Holding Limited from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $190.00 price objective (up from $165.00) on shares of Alibaba Group Holding Limited in a research note on Friday, August 25th. Finally, Deutsche Bank AG lowered their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $169.20.

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Alibaba Group Holding Limited (NYSE BABA) opened at 176.70 on Friday. 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. The stock has a market capitalization of $449.35 billion, a P/E ratio of 59.32 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results 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. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the firm earned $0.74 earnings per share. Equities research analysts expect that Alibaba Group Holding Limited will post $5.04 EPS for the current fiscal 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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