Wealthsource Partners LLC Has $525,000 Stake in Alibaba Group Holding Limited (BABA)

Wealthsource Partners LLC trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,725 shares of the specialty retailer’s stock after selling 635 shares during the quarter. Wealthsource Partners LLC’s holdings in Alibaba Group Holding Limited were worth $525,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares during the last quarter. Capital Research Global Investors increased its holdings in Alibaba Group Holding Limited by 2.2% in the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after buying an additional 738,281 shares during the last quarter. FMR LLC increased its holdings in Alibaba Group Holding Limited by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after buying an additional 7,544,165 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Alibaba Group Holding Limited by 3.3% in the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock valued at $2,881,139,000 after buying an additional 661,109 shares during the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Macquarie boosted their price objective on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation boosted their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. Credit Suisse Group reissued an “outperform” rating and issued a $220.00 price objective on shares of Alibaba Group Holding Limited in a report on Tuesday, October 3rd. BidaskClub raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, SunTrust Banks, Inc. assumed coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $177.09.

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 analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the business posted $0.74 earnings per share.

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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.

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

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