Crossmark Global Holdings Inc. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 56,798 shares of the specialty retailer’s stock, valued at approximately $9,810,000.

Other institutional investors have also made changes to their positions in the company. AJO LP boosted its position in Alibaba Group Holding Limited by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Alibaba Group Holding Limited by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares during the period. Good Life Advisors LLC purchased a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $218,000. Sylebra HK Co Ltd boosted its position in Alibaba Group Holding Limited by 0.5% during the 1st quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after purchasing an additional 1,631 shares during the period. Finally, Mirador Capital Partners LP purchased a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $220,000. 37.45% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts have commented on BABA shares. Vetr upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 price objective on the stock in a report on Wednesday, September 6th. Barclays PLC boosted their price objective on shares of Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $205.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday, October 20th. BidaskClub upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Finally, Deutsche Bank AG cut their price objective on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $181.89.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.47% on Tuesday, hitting $182.44. 7,306,114 shares of the stock traded hands. The stock has a market cap of $463.94 billion, a P/E ratio of 60.55 and a beta of 2.61. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $184.70. The stock has a 50-day moving average price of $176.64 and a 200 day moving average price of $150.30.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same quarter last year, the company posted $0.74 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post $4.91 EPS for the current fiscal year.

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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