Northwestern Mutual Wealth Management Co. Boosts Position in Alibaba Group Holding Limited (BABA)

Northwestern Mutual Wealth Management Co. increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 7.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,939 shares of the specialty retailer’s stock after purchasing an additional 3,717 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alibaba Group Holding Limited were worth $7,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BABA. Swiss National Bank boosted its stake in Alibaba Group Holding Limited by 12.5% in the first quarter. Swiss National Bank now owns 2,609,043 shares of the specialty retailer’s stock valued at $281,333,000 after acquiring an additional 289,800 shares during the period. Good Life Advisors LLC acquired a new position in Alibaba Group Holding Limited in the second quarter valued at approximately $218,000. Sylebra HK Co Ltd boosted its stake in Alibaba Group Holding Limited by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock valued at $37,490,000 after acquiring an additional 1,631 shares during the period. Johnston Asset Management LLC boosted its stake in Alibaba Group Holding Limited by 0.6% in the first quarter. Johnston Asset Management LLC now owns 874,460 shares of the specialty retailer’s stock valued at $94,293,000 after acquiring an additional 5,090 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after acquiring an additional 16,528 shares during the period. Institutional investors and hedge funds own 37.40% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) traded down 0.87% during trading on Friday, reaching $169.00. 12,345,308 shares of the company’s stock traded hands. The company has a market cap of $429.77 billion, a P/E ratio of 57.35 and a beta of 2.62. The firm’s 50 day moving average is $161.90 and its 200 day moving average is $131.51. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $177.00.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates 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 period last year, the business posted $0.74 earnings per share. Analysts anticipate that Alibaba Group Holding Limited will post $5.10 EPS for the current year.

Alibaba Group Holding Limited announced that its board has authorized a stock buyback program on Thursday, May 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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A number of equities analysts have commented on BABA shares. Robert W. Baird lifted their target price on Alibaba Group Holding Limited from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $208.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, August 20th. CIBC lifted their target price on Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, May 23rd. J P Morgan Chase & Co started coverage on Alibaba Group Holding Limited in a research note on Tuesday, June 27th. They issued an “overweight” rating and a $190.00 target price for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $140.00 target price (up from $130.00) on shares of Alibaba Group Holding Limited in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and three have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $169.12.

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.

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

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