Aperio Group LLC Buys 37,111 Shares of Alibaba Group Holding Limited (BABA)

Aperio Group LLC Buys 37,111 Shares of Alibaba Group Holding Limited (BABA)

Aperio Group LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 24.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,156 shares of the company’s stock after buying an additional 37,111 shares during the period. Aperio Group LLC’s holdings in Alibaba Group Holding Limited were worth $20,222,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BP PLC boosted its position in shares of Alibaba Group Holding Limited by 46.6% in the second quarter. BP PLC now owns 505,423 shares of the company’s stock worth $40,176,000 after buying an additional 160,677 shares during the last quarter. Roberts Glore & Co. Inc. IL boosted its position in shares of Alibaba Group Holding Limited by 71.9% in the second quarter. Roberts Glore & Co. Inc. IL now owns 8,250 shares of the company’s stock worth $656,000 after buying an additional 3,450 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of Alibaba Group Holding Limited during the second quarter worth approximately $764,000. Essex Financial Services Inc. boosted its position in shares of Alibaba Group Holding Limited by 10.7% in the second quarter. Essex Financial Services Inc. now owns 9,749 shares of the company’s stock worth $775,000 after buying an additional 945 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Alibaba Group Holding Limited by 131.5% in the second quarter. ClariVest Asset Management LLC now owns 158,111 shares of the company’s stock worth $12,574,000 after buying an additional 89,811 shares during the last quarter. Institutional investors and hedge funds own 34.80% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) opened at 102.07 on Friday. The stock’s 50 day moving average is $93.31 and its 200-day moving average is $95.40. The stock has a market capitalization of $253.64 billion, a price-to-earnings ratio of 47.04 and a beta of 2.68. Alibaba Group Holding Limited has a 52-week low of $59.25 and a 52-week high of $109.87.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Tuesday, January 24th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.17. The firm earned $7.70 billion during the quarter, compared to analyst estimates of $7.32 billion. Alibaba Group Holding Limited had a net margin of 26.56% and a return on equity of 14.88%. During the same quarter last year, the business earned $0.99 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $3.44 EPS for the current fiscal year.

A number of research analysts have recently commented on BABA shares. Vetr upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $120.23 price target for the company in a research note on Tuesday, October 11th. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding Limited in a report on Tuesday, December 6th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Alibaba Group Holding Limited in a report on Thursday, December 15th. Morgan Stanley restated an “overweight” rating and issued a $132.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Alibaba Group Holding Limited in a report on Tuesday, January 24th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $119.05.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

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