Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by Dupont Capital Management Corp

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Alibaba Group logoDupont Capital Management Corp raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 23.7% during the 3rd quarter, Holdings Channel reports. The firm owned 182,597 shares of the specialty retailer's stock after buying an additional 35,040 shares during the quarter. Alibaba Group makes up about 0.7% of Dupont Capital Management Corp's holdings, making the stock its 13th largest holding. Dupont Capital Management Corp's holdings in Alibaba Group were worth $30,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Buckingham Capital Management Inc. boosted its stake in shares of Alibaba Group by 56.2% in the first quarter. Buckingham Capital Management Inc. now owns 8,316 shares of the specialty retailer's stock worth $1,517,000 after acquiring an additional 2,993 shares during the last quarter. Private Asset Management Inc. lifted its position in Alibaba Group by 4.9% during the second quarter. Private Asset Management Inc. now owns 33,884 shares of the specialty retailer's stock worth $5,742,000 after buying an additional 1,574 shares in the last quarter. Fulton Bank N.A. lifted its position in Alibaba Group by 24.1% during the second quarter. Fulton Bank N.A. now owns 1,695 shares of the specialty retailer's stock worth $287,000 after buying an additional 329 shares in the last quarter. Flossbach von Storch AG Zurich lifted its position in Alibaba Group by 147.3% during the second quarter. Flossbach von Storch AG Zurich now owns 35,175 shares of the specialty retailer's stock worth $5,960,000 after buying an additional 20,950 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in Alibaba Group by 23.3% during the second quarter. WINTON GROUP Ltd now owns 1,892 shares of the specialty retailer's stock worth $321,000 after buying an additional 357 shares in the last quarter. 43.44% of the stock is currently owned by institutional investors.

A number of research firms have commented on BABA. Daiwa Capital Markets restated a "buy" rating on shares of Alibaba Group in a research report on Tuesday, October 22nd. Vertical Group assumed coverage on shares of Alibaba Group in a research report on Wednesday, October 23rd. They set a "buy" rating on the stock. KeyCorp lowered their price objective on shares of Alibaba Group from $245.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Raymond James reiterated a "buy" rating on shares of Alibaba Group in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada set a $210.00 price objective on shares of Alibaba Group and gave the stock a "buy" rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have given a buy rating to the stock. Alibaba Group presently has a consensus rating of "Buy" and a consensus target price of $223.48.

NYSE:BABA traded up $4.37 during trading hours on Monday, reaching $178.68. The company's stock had a trading volume of 9,787,750 shares, compared to its average volume of 15,674,614. The company has a market cap of $454.63 billion, a price-to-earnings ratio of 49.77, a price-to-earnings-growth ratio of 1.12 and a beta of 2.27. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $195.72. The business's 50-day moving average is $173.16 and its 200-day moving average is $171.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.13 by $0.32. The firm had revenue of $114.92 billion during the quarter, compared to analysts' expectations of $111.65 billion. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. Alibaba Group's revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. On average, sell-side analysts predict that Alibaba Group Holding Ltd will post 5.73 EPS for the current fiscal year.

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.

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


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