Alibaba Group Holding Limited (BABA) Position Held by Greenleaf Trust

Greenleaf Trust held its position in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,851 shares of the specialty retailer’s stock at the end of the second quarter. Greenleaf Trust’s holdings in Alibaba Group Holding Limited were worth $402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Reliance Trust Co. of Delaware raised its stake in shares of Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock valued at $1,101,000 after buying an additional 2,448 shares in the last quarter. Hartwell J M Limited Partnership raised its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock worth $5,365,000 after buying an additional 2,850 shares during the period. CWM LLC raised its stake in Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 304 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock worth $96,348,000 after buying an additional 51,629 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock worth $5,092,000 after buying an additional 1,912 shares during the period. Institutional investors own 36.75% of the company’s stock.

Shares of Alibaba Group Holding Limited (BABA) traded down 0.84% during mid-day trading on Tuesday, reaching $157.50. The company had a trading volume of 15,447,059 shares. Alibaba Group Holding Limited has a 52 week low of $84.30 and a 52 week high of $160.39. The stock has a 50 day moving average of $147.55 and a 200-day moving average of $120.38. The company has a market capitalization of $398.48 billion, a price-to-earnings ratio of 62.75 and a beta of 2.64.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same quarter in the prior year, the company posted $0.47 EPS. On average, analysts expect that Alibaba Group Holding Limited will post $4.55 earnings per share for the current fiscal year.

Alibaba Group Holding Limited declared that its Board of Directors has initiated a share repurchase program on Thursday, May 18th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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BABA has been the subject of a number of recent analyst reports. Barclays PLC upped their target price on Alibaba Group Holding Limited to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $120.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, May 16th. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 target price for the company in a report on Thursday, June 15th. CIBC upped their target price on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, May 23rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 target price on Alibaba Group Holding Limited and gave the company a “buy” rating in a report on Friday, June 9th. One equities 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 given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $140.99.

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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