Todays Report: Today, Sei Investments Co. invests in 938,661 by buying Alibaba Group Holding Ltd. (BABA) shares

Today, Sei Investments Co. invests in 938,661 by buying Alibaba Group Holding Ltd. (BABA) shares

Sei Investments Co. increased its stake in Alibaba Group Holding Ltd. (NYSE:BABA) by 154.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,547,594 shares of the company’s stock after buying an additional 938,661 shares during the period. Alibaba Group Holding accounts for approximately 0.8% of Sei Investments Co.’s holdings, making the stock its 13th largest position. Sei Investments Co. owned 0.06% of Alibaba Group Holding worth $163,720,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Daiwa SB Investments Ltd. increased its stake in Alibaba Group Holding by 29.3% in the second quarter. Daiwa SB Investments Ltd. now owns 76,750 shares of the company’s stock worth $5,990,000 after buying an additional 17,400 shares during the period. British Columbia Investment Management Corp increased its position in Alibaba Group Holding by 95.9% in the second quarter. British Columbia Investment Management Corp now owns 224,900 shares of the company’s stock valued at $17,886,000 after buying an additional 110,100 shares during the period. Washington Trust Bank increased its position in Alibaba Group Holding by 2.5% in the second quarter. Washington Trust Bank now owns 3,799 shares of the company’s stock valued at $302,000 after buying an additional 92 shares during the period. NEXT Financial Group Inc increased its position in Alibaba Group Holding by 2.6% in the second quarter. NEXT Financial Group Inc now owns 4,920 shares of the company’s stock valued at $391,000 after buying an additional 126 shares during the period. Finally, Raymond James Trust N.A. increased its position in Alibaba Group Holding by 11.3% in the second quarter. Raymond James Trust N.A. now owns 9,603 shares of the company’s stock valued at $764,000 after buying an additional 972 shares during the period. 32.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded down 0.01% on Friday, reaching $93.02. The company had a trading volume of 2,825,928 shares. The firm has a market capitalization of $230.50 billion, a PE ratio of 48.93 and a beta of 2.93. The company’s 50-day moving average is $99.88 and its 200 day moving average is $90.77. Alibaba Group Holding Ltd. has a 12 month low of $59.25 and a 12 month high of $109.87.

Alibaba Group Holding (NYSE:BABA) last announced its earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. The firm earned $5.14 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Equities analysts forecast that Alibaba Group Holding Ltd. will post $3.28 earnings per share for the current year.

Several research firms have recently issued reports on BABA. Vetr downgraded Alibaba Group Holding from a “buy” rating to a “hold” rating and set a $113.29 price target for the company. in a research note on Thursday, September 22nd. Brean Capital reaffirmed a “buy” rating on shares of Alibaba Group Holding in a research note on Friday, September 23rd. Deutsche Bank AG lifted their price target on Alibaba Group Holding from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, September 29th. Citigroup Inc. reaffirmed a “buy” rating and set a $138.00 price target on shares of Alibaba Group Holding in a research note on Thursday, September 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $132.00 price target on shares of Alibaba Group Holding in a research note on Tuesday, September 27th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $117.01.

Alibaba Group Holding Company Profile

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