Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS boosted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 15.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,320 shares of the specialty retailer’s stock after buying an additional 2,085 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Alibaba Group were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Alibaba Group by 5.9% in the first quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock valued at $13,082,292,000 after purchasing an additional 3,969,960 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Alibaba Group by 3.6% in the first quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock valued at $8,945,169,000 after purchasing an additional 1,716,763 shares during the last quarter. FMR LLC grew its position in shares of Alibaba Group by 11.0% in the first quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock valued at $3,823,395,000 after purchasing an additional 2,070,115 shares during the last quarter. FIL Ltd grew its position in shares of Alibaba Group by 4.9% in the first quarter. FIL Ltd now owns 14,935,906 shares of the specialty retailer’s stock valued at $2,725,056,000 after purchasing an additional 703,227 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Alibaba Group by 1.9% in the first quarter. Northern Trust Corp now owns 8,578,515 shares of the specialty retailer’s stock valued at $1,565,149,000 after purchasing an additional 160,992 shares during the last quarter. Institutional investors own 41.06% of the company’s stock.

NYSE:BABA traded up $4.06 during trading hours on Friday, reaching $171.03. 9,372,955 shares of the company were exchanged, compared to its average volume of 18,624,356. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $417.36 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 1.47 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. The stock has a 50 day simple moving average of $169.38 and a 200 day simple moving average of $172.75.



Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.32. The company had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. Alibaba Group’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. On average, analysts predict that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.

Several analysts have recently commented on BABA shares. Raymond James lowered 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 report on Thursday, May 16th. UBS Group set a $210.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Royal Bank of Canada set a $210.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus raised their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Mizuho raised their target price on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and a consensus price target of $218.89.

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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