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Institutional investors, including Sierra Summit, increased Alibaba's stake in Q2, boosting ownership to 13.47%.
Wealthspire Advisors, Temasek Holdings, and Sierra Summit Advisors increased their stakes in Alibaba Group during the second quarter, with Sierra Summit boosting its position by 67.3% to 83,922 shares.
Institutional ownership now totals 13.47%.
The stock traded around $153.08, with a market cap of $365.26 billion and a P/E ratio of 17.80.
Analysts maintain a mixed but generally positive outlook, with a consensus "Moderate Buy" rating and an average price target of $190.18.
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Los inversores institucionales, incluido Sierra Summit, aumentaron la participación de Alibaba en el segundo trimestre, elevando la propiedad al 13,47%.