Gradient Investments LLC Has $1.19 Million Stock Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

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Gradient Investments LLC raised its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 16.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,090 shares of the specialty retailer’s stock after acquiring an additional 989 shares during the period. Gradient Investments LLC’s holdings in Alibaba Group were worth $1,186,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BABA. Invesco Ltd. raised its holdings in Alibaba Group by 204.2% in the 2nd quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock valued at $5,580,942,000 after acquiring an additional 22,110,348 shares in the last quarter. BlackRock Inc. raised its holdings in Alibaba Group by 9.5% in the 2nd quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after acquiring an additional 6,830,518 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Alibaba Group by 9.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock valued at $11,125,391,000 after purchasing an additional 5,932,300 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Alibaba Group by 7,972.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,418,892 shares of the specialty retailer’s stock valued at $748,781,000 after purchasing an additional 4,364,152 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Alibaba Group by 17,466.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock valued at $420,788,000 after purchasing an additional 4,183,930 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

BABA has been the topic of several recent analyst reports. Goldman Sachs Group set a $236.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Jefferies Financial Group initiated coverage on Alibaba Group in a research note on Monday, August 5th. They issued a “buy” rating and a $216.00 price target on the stock. Raymond James reiterated a “buy” rating on shares of Alibaba Group in a research note on Tuesday, September 24th. Stifel Nicolaus set a $225.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Bank of America set a $233.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $223.00.

Shares of BABA stock opened at $172.94 on Friday. The firm has a market capitalization of $420.31 billion, a P/E ratio of 48.17, a P/E/G ratio of 1.01 and a beta of 2.27. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $172.63 and its 200 day simple moving average is $172.11.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. The business had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. Alibaba Group’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, equities research analysts expect that Alibaba Group Holding Ltd will post 5.81 EPS for the current fiscal year.

Alibaba Group 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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