HPM Partners LLC Purchases Shares of 2,556 Alibaba Group Holding Limited (BABA)

HPM Partners LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,556 shares of the specialty retailer’s stock, valued at approximately $360,000.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Alibaba Group Holding Limited by 12.9% during the 2nd quarter. Franklin Resources Inc. now owns 4,636,968 shares of the specialty retailer’s stock valued at $653,339,000 after buying an additional 531,021 shares during the last quarter. CIBC World Markets Inc. raised its holdings in Alibaba Group Holding Limited by 29.8% during the 2nd quarter. CIBC World Markets Inc. now owns 45,013 shares of the specialty retailer’s stock valued at $6,342,000 after buying an additional 10,342 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Alibaba Group Holding Limited by 22.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,936 shares of the specialty retailer’s stock valued at $554,000 after buying an additional 729 shares during the last quarter. Tredje AP fonden raised its holdings in Alibaba Group Holding Limited by 125.0% during the 2nd quarter. Tredje AP fonden now owns 45,000 shares of the specialty retailer’s stock valued at $6,341,000 after buying an additional 25,000 shares during the last quarter. Finally, Rathbone Brothers plc raised its holdings in Alibaba Group Holding Limited by 7.3% during the 2nd quarter. Rathbone Brothers plc now owns 34,366 shares of the specialty retailer’s stock valued at $4,842,000 after buying an additional 2,328 shares during the last quarter. Institutional investors own 37.40% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at 169.00 on Monday. The company has a market cap of $429.77 billion, a PE ratio of 57.35 and a beta of 2.62. The stock has a 50 day moving average of $161.90 and a 200 day moving average of $131.51. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $177.00.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post $5.10 EPS for the current fiscal year.

Alibaba Group Holding Limited announced that its Board of Directors has approved a share buyback plan on Thursday, May 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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A number of research analysts have issued reports on BABA shares. Vetr downgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price objective on the stock. in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. boosted their price objective on shares of Alibaba Group Holding Limited from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. MKM Partners boosted their price objective on shares of Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $190.00 price objective (up from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Finally, Deutsche Bank AG reduced their price objective on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.12.

Alibaba Group Holding Limited 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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