BB&T Securities LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 104.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,977 shares of the specialty retailer’s stock after buying an additional 13,790 shares during the period. BB&T Securities LLC’s holdings in Alibaba Group Holding Limited were worth $3,801,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new position in shares of Alibaba Group Holding Limited during the second quarter worth approximately $102,000. FNY Managed Accounts LLC bought a new position in shares of Alibaba Group Holding Limited during the first quarter worth approximately $107,000. Lee Financial Co increased its position in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares during the last quarter. Webster Bank N. A. increased its position in shares of Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock worth $127,000 after buying an additional 235 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of 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 worth $127,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 36.81% of the company’s stock.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 169.25 on Tuesday. The company has a market cap of $430.40 billion, a P/E ratio of 57.37 and a beta of 2.64. The company’s 50-day moving average price is $153.23 and its 200 day moving average price is $125.40. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $170.60.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the 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 the consensus estimate of $7.16 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.85 EPS for the current fiscal year.

Alibaba Group Holding Limited declared that its board has approved a stock repurchase plan on Thursday, May 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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A number of research analysts recently commented on the company. Barclays PLC set a $200.00 price objective on Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research note on Monday. Stifel Nicolaus upped their price objective on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $208.00 price objective (up from $200.00) on shares of Alibaba Group Holding Limited in a research note on Sunday. Needham & Company LLC boosted their price target on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James Financial, Inc. upgraded Alibaba Group Holding Limited to a “top pick” rating and boosted their price target for the stock from $190.00 to $220.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and an average target price of $163.29.

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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