Parsons Capital Management Inc. RI grew its position in Alibaba Group Holding Ltd (NYSE:BABA) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,687 shares of the specialty retailer’s stock after purchasing an additional 1,319 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Alibaba Group were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bedel Financial Consulting Inc. boosted its position in shares of Alibaba Group by 94.2% during the second quarter. Bedel Financial Consulting Inc. now owns 841 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 408 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Alibaba Group by 2.2% during the second quarter. Cullen Frost Bankers Inc. now owns 86,901 shares of the specialty retailer’s stock worth $14,725,000 after acquiring an additional 1,860 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Alibaba Group by 25.4% during the second quarter. Sigma Planning Corp now owns 12,837 shares of the specialty retailer’s stock worth $2,175,000 after acquiring an additional 2,602 shares during the last quarter. Kavar Capital Partners LLC bought a new position in shares of Alibaba Group during the second quarter worth $100,000. Finally, Executive Wealth Management LLC boosted its position in shares of Alibaba Group by 8.7% during the second quarter. Executive Wealth Management LLC now owns 9,400 shares of the specialty retailer’s stock worth $1,593,000 after acquiring an additional 755 shares during the last quarter. Institutional investors and hedge funds own 41.06% of the company’s stock.

Shares of NYSE BABA traded up $3.35 during mid-day trading on Thursday, reaching $165.41. The company had a trading volume of 25,183,829 shares, compared to its average volume of 18,413,942. The stock’s 50-day moving average price is $169.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $405.32 billion, a PE ratio of 46.08, a price-to-earnings-growth ratio of 1.43 and a beta of 2.30. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $195.72.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.73 earnings per share. As a group, sell-side analysts predict that Alibaba Group Holding Ltd will post 5.04 earnings per share for the current year.

A number of research firms recently issued reports on BABA. Macquarie set a $226.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research note on Wednesday, June 19th. Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. Jefferies Financial Group began coverage on shares of Alibaba Group in a research note on Monday, August 5th. They set a “buy” rating and a $216.00 price target on the stock. Mizuho upped their price target on shares of Alibaba Group from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Raymond James decreased their price target on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $218.18.

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.

Featured Article: Convertible Shares

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.