Alibaba Group Holding Ltd (NYSE:BABA) Holdings Lifted by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 65.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,360 shares of the specialty retailer’s stock after buying an additional 78,623 shares during the period. Alibaba Group accounts for 4.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 10th largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Alibaba Group were worth $33,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BABA. Mckinley Capital Management LLC Delaware lifted its holdings in Alibaba Group by 23.6% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 240,493 shares of the specialty retailer’s stock worth $40,752,000 after purchasing an additional 45,976 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in Alibaba Group by 47.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,083 shares of the specialty retailer’s stock worth $184,000 after purchasing an additional 350 shares in the last quarter. Biondo Investment Advisors LLC lifted its holdings in Alibaba Group by 60.4% during the 2nd quarter. Biondo Investment Advisors LLC now owns 25,863 shares of the specialty retailer’s stock worth $4,382,000 after purchasing an additional 9,738 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in Alibaba Group by 1.0% during the 2nd quarter. GW&K Investment Management LLC now owns 516,852 shares of the specialty retailer’s stock worth $87,581,000 after purchasing an additional 5,129 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Alibaba Group during the 2nd quarter worth about $5,015,000. 42.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alibaba Group stock traded down $7.37 during trading on Friday, hitting $164.54. 19,543,742 shares of the stock traded hands, compared to its average volume of 19,574,536. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a market cap of $437.41 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 1.06 and a beta of 2.30. The firm’s fifty day moving average is $169.64 and its 200-day moving average is $172.88. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $195.72.

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

A number of analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $220.00 price objective (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. SunTrust Banks restated a “positive” rating and issued a $210.00 target price (up from $205.00) on shares of Alibaba Group in a research note on Thursday, August 15th. Mizuho upped their target price on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Stifel Nicolaus upped their target price on Alibaba Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley set a $207.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and an average price target of $219.23.

Alibaba Group 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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