Zweig DiMenna Associates LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 44.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,273 shares of the specialty retailer’s stock after selling 156,831 shares during the period. Alibaba Group Holding Limited accounts for 3.0% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 6th biggest holding. Zweig DiMenna Associates LLC’s holdings in Alibaba Group Holding Limited were worth $33,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AJO LP increased its holdings in shares of Alibaba Group Holding Limited by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Alibaba Group Holding Limited by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares during the period. Good Life Advisors LLC bought a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth about $218,000. Aperio Group LLC increased its holdings in shares of Alibaba Group Holding Limited by 10.6% during the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after purchasing an additional 18,663 shares during the period. Finally, Mirador Capital Partners LP bought a new position in shares of Alibaba Group Holding Limited during the 2nd quarter worth about $220,000. 37.45% of the stock is owned by hedge funds and other institutional investors.

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Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up $1.28 during mid-day trading on Friday, reaching $186.41. 15,020,899 shares of the company’s stock were exchanged, compared to its average volume of 19,081,156. The firm has a market capitalization of $477,424.75, a PE ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.61. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same quarter last year, the company posted $0.74 earnings per share. research analysts expect that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

Several research firms have recently issued reports on BABA. Bank of America Corporation restated a “buy” rating and set a $200.00 price objective on shares of Alibaba Group Holding Limited in a report on Monday, October 16th. Needham & Company LLC boosted their price objective on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $190.00 price objective (up previously from $165.00) on shares of Alibaba Group Holding Limited in a report on Friday, August 25th. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 target price on the stock. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $184.20.

About Alibaba Group Holding Limited

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.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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