Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by Mondrian Capital Management LLC

Mondrian Capital Management LLC lifted its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,000 shares of the specialty retailer’s stock after buying an additional 4,000 shares during the period. Alibaba Group makes up approximately 2.4% of Mondrian Capital Management LLC’s holdings, making the stock its 12th largest position. Mondrian Capital Management LLC’s holdings in Alibaba Group were worth $4,914,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. Thoroughbred Financial Services LLC boosted its stake in shares of Alibaba Group by 17,466.5% during the second quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock worth $420,788,000 after buying an additional 4,183,930 shares during the period. BlackRock Inc. raised its holdings in Alibaba Group by 5.9% during the first quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after purchasing an additional 3,969,960 shares in the last quarter. Investec Asset Management LTD raised its holdings in Alibaba Group by 87.4% during the first quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock worth $973,477,000 after purchasing an additional 2,488,530 shares in the last quarter. FMR LLC raised its holdings in Alibaba Group by 11.0% during the first quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock worth $3,823,395,000 after purchasing an additional 2,070,115 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in Alibaba Group by 3.6% during the first quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after purchasing an additional 1,716,763 shares in the last quarter. Institutional investors and hedge funds own 41.06% of the company’s stock.

BABA has been the subject of several analyst reports. Royal Bank of Canada set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Monday. Macquarie set a $226.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Wednesday, June 19th. Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Loop Capital initiated coverage on shares of Alibaba Group in a report on Monday, June 3rd. They set a “buy” rating and a $250.00 price target for the company. Finally, SunTrust Banks reissued a “positive” rating and set a $210.00 price target (up from $205.00) on shares of Alibaba Group in a report on Thursday. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $218.89.

Shares of BABA traded up $7.88 during mid-day trading on Friday, reaching $174.85. 2,002,829 shares of the company’s stock were exchanged, compared to its average volume of 18,624,356. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $169.38 and a two-hundred day simple moving average of $172.75. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The company has a market cap of $417.36 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 1.47 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business had revenue of $114.92 billion during the quarter, compared to analysts’ expectations of $111.65 billion. During the same period last year, the company posted $1.01 EPS. The company’s revenue was up 42.0% on a year-over-year basis. As a group, equities research analysts predict that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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