Alibaba Group Holding Limited (BABA) Holdings Maintained by Private Wealth Advisors Inc.

Private Wealth Advisors Inc. continued to hold its position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,863 shares of the specialty retailer’s stock at the close of the 2nd quarter. Private Wealth Advisors Inc.’s holdings in Alibaba Group Holding Limited were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Shine Investment Advisory Services Inc. bought a new stake in shares of Alibaba Group Holding Limited during the second quarter worth $102,000. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter worth $107,000. Lee Financial Co grew its position in Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC grew its position in Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares in the last quarter. Finally, WFG Advisors LP grew its position in 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 valued at $127,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 37.40% of the company’s stock.

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A number of analysts have commented on BABA shares. Vetr cut shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price target for the company. in a research note on Tuesday, August 22nd. SunTrust Banks, Inc. increased their price target on shares of Alibaba Group Holding Limited from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. MKM Partners increased their price target on shares of Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $190.00 price target (up previously from $165.00) on shares of Alibaba Group Holding Limited in a research note on Friday, August 25th. Finally, Deutsche Bank AG cut their price target on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $169.20.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.3216% on Friday, hitting $177.6695. 9,203,687 shares of the company were exchanged. The company has a market capitalization of $451.81 billion, a price-to-earnings ratio of 59.6406 and a beta of 2.62. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $179.93. The stock has a 50 day moving average of $164.56 and a 200 day moving average of $133.60.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm earned $0.74 EPS. Analysts predict that Alibaba Group Holding Limited will post $5.04 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its Board of Directors has initiated a stock buyback program on Thursday, May 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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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