Alibaba Group Holding Limited (BABA) Shares Bought by First Heartland Consultants Inc.

First Heartland Consultants Inc. raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 14.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,529 shares of the specialty retailer’s stock after buying an additional 1,415 shares during the period. First Heartland Consultants Inc.’s holdings in Alibaba Group Holding Limited were worth $1,624,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BABA. Atalanta Sosnoff Capital LLC boosted its stake in Alibaba Group Holding Limited by 22.9% in the first quarter. Atalanta Sosnoff Capital LLC now owns 452,439 shares of the specialty retailer’s stock worth $48,786,000 after buying an additional 84,437 shares during the last quarter. Burns J W & Co. Inc. NY acquired a new position in shares of Alibaba Group Holding Limited during the first quarter valued at $531,000. Rathbone Brothers plc boosted its position in shares of Alibaba Group Holding Limited by 6.2% in the first quarter. Rathbone Brothers plc now owns 32,038 shares of the specialty retailer’s stock valued at $3,455,000 after buying an additional 1,867 shares in the last quarter. Genesis Asset Managers LLP boosted its position in shares of Alibaba Group Holding Limited by 31.8% in the first quarter. Genesis Asset Managers LLP now owns 4,304,883 shares of the specialty retailer’s stock valued at $464,196,000 after buying an additional 1,037,631 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Alibaba Group Holding Limited by 0.9% in the first quarter. Raymond James Trust N.A. now owns 11,220 shares of the specialty retailer’s stock valued at $1,210,000 after buying an additional 98 shares in the last quarter. 36.81% of the stock is owned by institutional investors and hedge funds.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 167.50 on Friday. The company has a market capitalization of $423.78 billion, a PE ratio of 66.28 and a beta of 2.64. The stock’s 50 day moving average price is $152.41 and its 200 day moving average price is $124.57. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $169.50. Alibaba Group Holding Limited also saw unusually large options trading on Wednesday. Stock investors bought 85,508 put options on the stock. This is an increase of approximately 228% compared to the typical volume of 26,062 put options.

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 the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The company had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $4.74 earnings per share for the current year.

Alibaba Group Holding Limited announced that its board has initiated a stock buyback plan on Thursday, May 18th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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BABA has been the subject of several research reports. CIBC raised their price target on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 23rd. J P Morgan Chase & Co started coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, June 27th. They set an “overweight” rating and a $190.00 price target for the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $140.00 target price (up from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $173.25 target price for the company in a research note on Tuesday. Finally, SunTrust Banks, Inc. started coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday. They issued a “buy” rating and a $175.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding Limited presently has an average rating of “Buy” and a consensus price target of $157.29.

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.

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

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