Beech Hill Advisors Inc. grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,389 shares of the specialty retailer’s stock after buying an additional 500 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Alibaba Group Holding Limited were worth $931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ronald Blue & Co. LLC grew its stake in Alibaba Group Holding Limited by 0.7% during the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after buying an additional 25 shares during the period. Cornerstone Advisors Inc. grew its stake in Alibaba Group Holding Limited by 1.3% during the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after buying an additional 30 shares during the period. Mosaic Family Wealth LLC grew its stake in Alibaba Group Holding Limited by 2.9% during the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after buying an additional 52 shares during the period. Steinberg Global Asset Management grew its stake in Alibaba Group Holding Limited by 1.9% during the second quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock worth $449,000 after buying an additional 59 shares during the period. Finally, Partnervest Advisory Services LLC grew its stake in Alibaba Group Holding Limited by 1.8% during the second quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock worth $514,000 after buying an additional 65 shares during the period. Institutional investors own 37.45% of the company’s stock.

BABA has been the subject of several research reports. Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $160.50 price objective for the company. in a research note on Tuesday, July 11th. SunTrust Banks, Inc. assumed coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They issued a “buy” rating and a $175.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $160.00 target price on shares of Alibaba Group Holding Limited in a research note on Tuesday, August 15th. Stifel Nicolaus upped their target price on shares of Alibaba Group Holding Limited from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has a consensus rating of “Buy” and an average price target of $181.89.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, November 2nd. The specialty retailer reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.29. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $7.86 billion. During the same quarter in the previous year, the company earned $0.79 EPS.

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Alibaba Group Holding Limited Company Profile

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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