Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Commerce Bank

Commerce Bank boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 23.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,923 shares of the specialty retailer’s stock after acquiring an additional 745 shares during the period. Commerce Bank’s holdings in Alibaba Group Holding Limited were worth $552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Newman Dignan & Sheerar Inc. acquired a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $466,000. FFT Wealth Management LLC acquired a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $210,000. Good Life Advisors LLC acquired a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $218,000. Principal Financial Group Inc. grew its holdings in Alibaba Group Holding Limited by 4.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,263,651 shares of the specialty retailer’s stock worth $318,948,000 after acquiring an additional 90,050 shares during the period. Finally, BKS Advisors LLC acquired a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $1,652,000. 37.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Alibaba Group Holding Limited (BABA) opened at 178.14 on Friday. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $180.87. The company has a market cap of $453.01 billion, a P/E ratio of 59.80 and a beta of 2.62. The firm has a 50-day moving average of $166.56 and a 200-day moving average of $135.68.

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, beating the consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same quarter in the previous year, the company earned $0.74 earnings per share. Analysts predict that Alibaba Group Holding Limited will post $5.01 EPS for the current year.

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A number of equities analysts have recently weighed in on BABA shares. Vetr raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price target on the stock in a research report on Monday, August 28th. Stifel Nicolaus lifted their price target on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. BidaskClub cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. lifted their price target on shares of Alibaba Group Holding Limited to $200.00 and gave the stock an “outperform” rating in a research report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 price target on shares of Alibaba Group Holding Limited and gave the stock a “buy” rating in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $169.20.

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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