Alibaba Group Holding Limited (BABA) Stake Maintained by Wafra Investment Advisory Group Inc. NY

Wafra Investment Advisory Group Inc. NY maintained its position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,056 shares of the specialty retailer’s stock at the end of the first quarter. Wafra Investment Advisory Group Inc. NY’s holdings in Alibaba Group Holding Limited were worth $1,300,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Webster Bank N. A. increased its position in shares of Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock worth $127,000 after buying an additional 235 shares during the last quarter. WFG Advisors LP raised its stake in shares of Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after buying an additional 59 shares during the period. Thompson Davis & CO. Inc. raised its stake in shares of Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock worth $147,000 after buying an additional 125 shares during the period. FTB Advisors Inc. raised its stake in shares of Alibaba Group Holding Limited by 190.3% in the first quarter. FTB Advisors Inc. now owns 1,582 shares of the specialty retailer’s stock worth $178,000 after buying an additional 1,037 shares during the period. Finally, Glassman Wealth Services raised its stake in Alibaba Group Holding Limited by 450.8% in the first quarter. Glassman Wealth Services now owns 1,735 shares of the specialty retailer’s stock valued at $187,000 after buying an additional 1,420 shares during the last quarter. 36.61% of the stock is owned by institutional investors.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 2.21% during mid-day trading on Friday, hitting $157.56. 14,449,438 shares of the company’s stock were exchanged. Alibaba Group Holding Limited has a 52 week low of $81.94 and a 52 week high of $160.39. The company has a market capitalization of $398.63 billion, a price-to-earnings ratio of 62.77 and a beta of 2.62. The firm has a 50 day moving average price of $145.23 and a 200-day moving average price of $118.50. Alibaba Group Holding Limited also saw some unusual options trading on Thursday. Stock investors purchased 64,571 put options on the company. This is an increase of 155% compared to the typical volume of 25,287 put options.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the previous year, the business posted $0.47 earnings per share. On average, equities analysts anticipate that Alibaba Group Holding Limited will post $4.58 EPS for the current year.

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

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Several research firms have commented on BABA. Stifel Nicolaus restated a “buy” rating and set a $139.00 price target on shares of Alibaba Group Holding Limited in a research report on Friday, June 9th. Instinet restated a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. Benchmark Co. upped their price target on shares of Alibaba Group Holding Limited from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. Needham & Company LLC increased their price objective on shares of Alibaba Group Holding Limited from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, June 8th. Finally, Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $160.50 price objective for the company. in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and an average price target of $140.85.

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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