Sii Investments Inc. WI Reduces Stake in Alibaba Group Holding Limited (NYSE:BABA)

Sii Investments Inc. WI lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.5% during the first quarter, Holdings Channel reports. The fund owned 11,899 shares of the specialty retailer’s stock after selling 559 shares during the period. Sii Investments Inc. WI’s holdings in Alibaba Group Holding Limited were worth $1,287,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Reliance Trust Co. of Delaware increased its stake in Alibaba Group Holding Limited by 31.5% in the first quarter. Reliance Trust Co. of Delaware now owns 10,216 shares of the specialty retailer’s stock worth $1,101,000 after buying an additional 2,448 shares during the last quarter. Hartwell J M Limited Partnership increased its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. Hartwell J M Limited Partnership now owns 49,750 shares of the specialty retailer’s stock worth $5,365,000 after buying an additional 2,850 shares during the last quarter. CWM LLC increased its stake in Alibaba Group Holding Limited by 2.7% in the first quarter. CWM LLC now owns 11,665 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 304 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Alibaba Group Holding Limited by 6.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer’s stock worth $96,348,000 after buying an additional 51,629 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Alibaba Group Holding Limited by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,222 shares of the specialty retailer’s stock worth $5,092,000 after buying an additional 1,912 shares during the last quarter. Institutional investors own 36.28% of the company’s stock.

Shares of Alibaba Group Holding Limited (BABA) opened at 142.43 on Monday. The firm’s 50-day moving average price is $130.82 and its 200 day moving average price is $110.09. Alibaba Group Holding Limited has a 52 week low of $77.80 and a 52 week high of $148.29. The firm has a market cap of $360.35 billion, a PE ratio of 56.97 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the business earned $0.47 earnings per share. Equities analysts anticipate that Alibaba Group Holding Limited will post $4.54 EPS for the current year.

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BABA has been the topic of a number of research analyst reports. Robert W. Baird reiterated an “outperform” rating and set a $116.00 target price on shares of Alibaba Group Holding Limited in a research report on Wednesday, March 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $130.00 target price (up from $117.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, April 2nd. Goldman Sachs Group, Inc. (The) set a $179.00 target price on Alibaba Group Holding Limited and gave the stock a “buy” rating in a research report on Friday, June 9th. New Street Research upgraded Alibaba Group Holding Limited from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $122.00 in a research report on Tuesday, March 21st. Finally, Benchmark Co. initiated coverage on Alibaba Group Holding Limited in a research report on Tuesday, April 18th. They set a “buy” rating and a $140.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $141.15.

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.

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

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