Buckingham Asset Management LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,577 shares of the specialty retailer’s stock, valued at approximately $272,000.

Other large investors have also bought and sold shares of the company. AJO LP raised its position in Alibaba Group Holding Limited by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares in the last quarter. Good Life Advisors LLC acquired a new position in Alibaba Group Holding Limited in the second quarter worth about $218,000. Aperio Group LLC raised its position in Alibaba Group Holding Limited by 10.6% in the third quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after purchasing an additional 18,663 shares in the last quarter. Finally, Mirador Capital Partners LP acquired a new position in Alibaba Group Holding Limited in the second quarter worth about $220,000. 37.47% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on BABA. Macquarie upped their price objective on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation upped their price objective 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. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $206.73 price objective on the stock. in a research note on Friday. SunTrust Banks, Inc. began coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, KeyCorp set a $182.00 price objective on shares of Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $184.45.

Shares of Alibaba Group Holding Limited (BABA) traded down $0.30 during trading hours on Friday, hitting $185.13. 13,418,863 shares of the company were exchanged, compared to its average volume of 14,854,146. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $474,910.00, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the business posted $0.74 earnings per share. equities analysts predict that Alibaba Group Holding Limited will post 4.31 earnings per share for the current year.

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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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