Alibaba Group Holding Ltd (NYSE:BABA) Shares Purchased by Frontier Wealth Management LLC

Frontier Wealth Management LLC increased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 72.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,423 shares of the specialty retailer’s stock after purchasing an additional 5,641 shares during the quarter. Frontier Wealth Management LLC’s holdings in Alibaba Group were worth $2,275,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Joel Isaacson & Co. LLC increased its position in Alibaba Group by 1.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after purchasing an additional 63 shares in the last quarter. Vicus Capital grew its position in Alibaba Group by 2.9% in the second quarter. Vicus Capital now owns 2,249 shares of the specialty retailer’s stock valued at $381,000 after acquiring an additional 63 shares in the last quarter. Larson Financial Group LLC grew its position in Alibaba Group by 21.9% in the second quarter. Larson Financial Group LLC now owns 367 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 66 shares in the last quarter. Asset Dedication LLC grew its position in Alibaba Group by 12.4% in the second quarter. Asset Dedication LLC now owns 636 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 70 shares in the last quarter. Finally, Weatherly Asset Management L. P. grew its position in Alibaba Group by 3.6% in the second quarter. Weatherly Asset Management L. P. now owns 2,082 shares of the specialty retailer’s stock valued at $353,000 after acquiring an additional 73 shares in the last quarter. 43.43% of the stock is owned by hedge funds and other institutional investors.

Shares of BABA stock traded up $4.03 during mid-day trading on Wednesday, reaching $175.58. 5,641,646 shares of the company were exchanged, compared to its average volume of 10,068,985. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $440.51 billion, a P/E ratio of 48.91, a P/E/G ratio of 1.12 and a beta of 2.28. The business’s 50 day simple moving average is $171.58 and its 200 day simple moving average is $173.03.



Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The business had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. During the same quarter last year, the company earned $1.01 earnings per share. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, analysts forecast that Alibaba Group Holding Ltd will post 5.81 EPS for the current year.

Several brokerages have issued reports on BABA. Macquarie set a $226.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, June 19th. Royal Bank of Canada set a $210.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Monday, August 12th. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group began coverage on shares of Alibaba Group in a research report on Monday, August 5th. They issued a “buy” rating and a $216.00 price objective for the company. Finally, Goldman Sachs Group set a $236.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $219.92.

About Alibaba Group

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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