British Airways Pensions Investment Management Ltd boosted its position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 62.0% during the second quarter, Holdings Channel reports. The firm owned 374,515 shares of the company’s stock after buying an additional 143,364 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Alibaba Group Holding were worth $29,903,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Alibaba Group Holding by 193.7% in the first quarter. UBS Asset Management Americas Inc. now owns 5,060,947 shares of the company’s stock valued at $399,967,000 after buying an additional 3,337,825 shares during the last quarter. Vontobel Asset Management Inc. boosted its stake in shares of Alibaba Group Holding by 48.0% in the second quarter. Vontobel Asset Management Inc. now owns 9,750,216 shares of the company’s stock valued at $783,980,000 after buying an additional 3,164,167 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Alibaba Group Holding by 27.0% in the first quarter. Wellington Management Group LLP now owns 14,748,142 shares of the company’s stock valued at $1,165,545,000 after buying an additional 3,136,366 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Alibaba Group Holding by 15.8% in the first quarter. Primecap Management Co. CA now owns 15,674,905 shares of the company’s stock valued at $1,238,788,000 after buying an additional 2,133,100 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Alibaba Group Holding by 101.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,098,510 shares of the company’s stock valued at $252,972,000 after buying an additional 1,562,933 shares during the last quarter. Institutional investors own 28.97% of the company’s stock.

Alibaba Group Holding Ltd. (NYSE:BABA) traded up 4.48% during mid-day trading on Wednesday, reaching $106.00. 22,997,062 shares of the company traded hands. Alibaba Group Holding Ltd. has a 52 week low of $57.20 and a 52 week high of $106.19. The firm has a market capitalization of $262.14 billion, a price-to-earnings ratio of 37.59 and a beta of 2.97. The stock’s 50 day moving average price is $96.45 and its 200 day moving average price is $83.03.

Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. During the same period in the previous year, the company posted $0.59 EPS. Equities analysts forecast that Alibaba Group Holding Ltd. will post $3.29 EPS for the current year.

A number of research firms have recently weighed in on BABA. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding in a report on Tuesday, May 24th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $100.00 target price on shares of Alibaba Group Holding in a report on Thursday, May 26th. Vetr downgraded shares of Alibaba Group Holding from a “strong-buy” rating to a “buy” rating and set a $87.14 target price on the stock. in a report on Thursday, May 26th. Deutsche Bank AG restated a “buy” rating and issued a $110.00 target price on shares of Alibaba Group Holding in a report on Thursday, May 26th. Finally, HSBC reiterated a “buy” rating on shares of Alibaba Group Holding in a report on Thursday, May 26th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $105.93.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.

5 Day Chart for NYSE:BABA

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