Colony Group LLC raised its position in Alibaba Group Holding Ltd (NYSE:BABA) by 105.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,641 shares of the specialty retailer’s stock after buying an additional 5,452 shares during the period. Colony Group LLC’s holdings in Alibaba Group were worth $1,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Bank of New York Mellon Corp increased its stake in shares of Alibaba Group by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 2,811,366 shares of the specialty retailer’s stock worth $521,591,000 after purchasing an additional 229,005 shares in the last quarter. One Capital Management LLC purchased a new stake in shares of Alibaba Group during the second quarter worth about $1,698,000. InterOcean Capital LLC purchased a new stake in shares of Alibaba Group during the second quarter worth about $371,000. OppenheimerFunds Inc. increased its stake in shares of Alibaba Group by 8.1% during the second quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock worth $2,927,474,000 after purchasing an additional 1,182,927 shares in the last quarter. Finally, North Star Asset Management Inc. increased its stake in shares of Alibaba Group by 8.1% during the second quarter. North Star Asset Management Inc. now owns 26,516 shares of the specialty retailer’s stock worth $4,920,000 after purchasing an additional 1,998 shares in the last quarter. 38.65% of the stock is owned by institutional investors.

NYSE:BABA opened at $164.74 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $413.52 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 1.15 and a beta of 2.40. Alibaba Group Holding Ltd has a 1-year low of $152.85 and a 1-year high of $211.70.

BABA has been the subject of a number of research reports. MKM Partners boosted their target price on shares of Alibaba Group from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 18th. Raymond James restated a “strong-buy” rating and set a $300.00 price target (up from $250.00) on shares of Alibaba Group in a research report on Thursday, May 24th. Susquehanna Bancshares boosted their price target on shares of Alibaba Group from $220.00 to $305.00 and gave the stock a “positive” rating in a research report on Thursday, June 7th. BNP Paribas began coverage on shares of Alibaba Group in a research report on Thursday, June 14th. They set a “buy” rating on the stock. Finally, Wells Fargo & Co boosted their price target on shares of Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $228.60.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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