Credit Agricole S A boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,432,220 shares of the specialty retailer’s stock after buying an additional 244,664 shares during the period. Alibaba Group Holding Limited accounts for 1.1% of Credit Agricole S A’s holdings, making the stock its 6th largest position. Credit Agricole S A’s holdings in Alibaba Group Holding Limited were worth $370,096,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Polen Capital Management LLC boosted its stake in shares of Alibaba Group Holding Limited by 10.5% in the first quarter. Polen Capital Management LLC now owns 14,866 shares of the specialty retailer’s stock valued at $1,603,000 after buying an additional 1,412 shares during the period. River & Mercantile Asset Management LLP boosted its stake in Alibaba Group Holding Limited by 1.4% in the first quarter. River & Mercantile Asset Management LLP now owns 22,109 shares of the specialty retailer’s stock worth $2,384,000 after buying an additional 300 shares during the last quarter. BB&T Securities LLC boosted its stake in Alibaba Group Holding Limited by 129.2% in the first quarter. BB&T Securities LLC now owns 13,187 shares of the specialty retailer’s stock worth $1,421,000 after buying an additional 7,434 shares during the last quarter. Investment House LLC boosted its stake in Alibaba Group Holding Limited by 10.0% in the first quarter. Investment House LLC now owns 122,190 shares of the specialty retailer’s stock worth $13,176,000 after buying an additional 11,140 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in Alibaba Group Holding Limited during the first quarter worth $517,000. 36.69% of the stock is currently owned by hedge funds and other institutional investors.

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

Alibaba Group Holding Limited (NYSE BABA) traded down 0.16% during trading on Friday, hitting $134.87. The stock had a trading volume of 36,431,311 shares. Alibaba Group Holding Limited has a 52 week low of $73.30 and a 52 week high of $148.29. The company’s 50-day moving average is $124.54 and its 200 day moving average is $106.84. The firm has a market cap of $341.22 billion, a PE ratio of 54.49 and a beta of 2.63.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the firm earned $0.47 EPS. Equities analysts expect that Alibaba Group Holding Limited will post $4.55 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/alibaba-group-holding-limited-baba-is-credit-agricole-s-as-6th-largest-position/1372309.html.

A number of analysts have weighed in on the stock. HSBC Holdings plc reissued a “buy” rating and set a $162.00 price objective (up previously from $145.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. Benchmark Co. raised their price objective on shares of Alibaba Group Holding Limited from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, June 12th. Robert W. Baird raised their price objective on shares of Alibaba Group Holding Limited from $135.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 12th. Jefferies Group LLC reissued a “buy” rating and set a $160.00 price objective (up previously from $122.00) on shares of Alibaba Group Holding Limited in a report on Monday, June 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $139.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $135.80.

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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.