Capital One National Association Has $530,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Capital One National Association increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 72.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,763 shares of the specialty retailer’s stock after buying an additional 1,576 shares during the period. Capital One National Association’s holdings in Alibaba Group Holding Limited were worth $530,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Alibaba Group Holding Limited by 3.3% in the first quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock valued at $2,657,606,000 after buying an additional 776,232 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares in the last quarter. State Street Corp increased its position in shares of Alibaba Group Holding Limited by 1.8% in the first quarter. State Street Corp now owns 18,826,837 shares of the specialty retailer’s stock valued at $2,030,102,000 after buying an additional 329,969 shares in the last quarter. Finally, FMR LLC increased its position in shares of Alibaba Group Holding Limited by 3.8% in the first quarter. FMR LLC now owns 17,733,916 shares of the specialty retailer’s stock valued at $1,912,249,000 after buying an additional 642,778 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at 152.11 on Friday. Alibaba Group Holding Limited has a 12 month low of $81.94 and a 12 month high of $156.41. The stock has a market capitalization of $384.84 billion, a price-to-earnings ratio of 60.84 and a beta of 2.62. The stock’s 50 day moving average is $140.71 and its 200-day moving average is $116.01.

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, equities research analysts expect that Alibaba Group Holding Limited will post $4.56 earnings per share for the current year.

Alibaba Group Holding Limited declared that its Board of Directors has approved a stock repurchase program on Thursday, May 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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BABA has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $120.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, May 16th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 target price for the company in a report on Thursday, June 15th. CIBC upped their target price on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) set a $179.00 target price on shares of Alibaba Group Holding Limited and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Sanford C. Bernstein upped their target price on shares of Alibaba Group Holding Limited from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $140.69.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.