Alibaba Group Holding Limited $BABA Holdings Raised by HCEP Management Ltd

HCEP Management Ltd lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 30.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 564,376 shares of the specialty retailer’s stock after acquiring an additional 131,229 shares during the quarter. Alibaba Group accounts for 51.4% of HCEP Management Ltd’s investment portfolio, making the stock its largest position. HCEP Management Ltd’s holdings in Alibaba Group were worth $64,006,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its stake in Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Alibaba Group by 0.7% in the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after buying an additional 140,579 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after buying an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after acquiring an additional 2,584,480 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after acquiring an additional 3,947,460 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BABA. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Mizuho set a $195.00 target price on shares of Alibaba Group in a research note on Wednesday, October 22nd. Jefferies Financial Group increased their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $191.89.

Alibaba Group Trading Up 0.4%

NYSE BABA opened at $157.68 on Thursday. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The firm has a 50 day moving average of $168.51 and a two-hundred day moving average of $138.50. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $376.24 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.