North Star Investment Management Corp. Has $399,000 Position in Alibaba Group Holding Ltd (NYSE:BABA)

North Star Investment Management Corp. increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,387 shares of the specialty retailer’s stock after buying an additional 87 shares during the quarter. North Star Investment Management Corp.’s holdings in Alibaba Group were worth $399,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BABA. BlackRock Inc. lifted its stake in Alibaba Group by 9.5% during the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock worth $13,307,578,000 after purchasing an additional 6,830,518 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Alibaba Group by 9.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock valued at $11,125,391,000 after acquiring an additional 5,932,300 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Alibaba Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 43,961,866 shares of the specialty retailer’s stock valued at $7,449,339,000 after acquiring an additional 641,497 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Alibaba Group by 204.2% in the 2nd quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock valued at $5,580,942,000 after acquiring an additional 22,110,348 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Alibaba Group by 7.5% in the 2nd quarter. Schroder Investment Management Group now owns 24,523,571 shares of the specialty retailer’s stock valued at $4,155,519,000 after acquiring an additional 1,711,439 shares during the last quarter. 43.43% of the stock is currently owned by institutional investors and hedge funds.

NYSE BABA traded up $0.86 on Friday, reaching $170.34. The company had a trading volume of 8,598,876 shares, compared to its average volume of 16,026,650. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. The business has a 50 day moving average of $173.50 and a two-hundred day moving average of $172.53. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The firm has a market cap of $433.41 billion, a price-to-earnings ratio of 47.45, a P/E/G ratio of 1.01 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last issued 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. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. During the same period last year, the business posted $1.01 EPS. The business’s revenue was up 42.0% compared to the same quarter last year. As a group, research analysts predict that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current fiscal year.

A number of research analysts have recently commented on BABA shares. ValuEngine cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus set a $225.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Macquarie set a $226.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, June 19th. Oppenheimer set a $215.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, HSBC increased their price objective on Alibaba Group from $230.00 to $233.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have issued a buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $221.64.

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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