Lockheed Martin Investment Management Co. boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 40.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,313 shares of the specialty retailer’s stock after acquiring an additional 6,413 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Alibaba Group Holding Limited were worth $3,854,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Capital Research Global Investors lifted its holdings in shares of Alibaba Group Holding Limited by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after buying an additional 738,281 shares during the period. FMR LLC lifted its holdings in shares of Alibaba Group Holding Limited by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares during the period. Jennison Associates LLC lifted its holdings in shares of Alibaba Group Holding Limited by 3.3% in the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after buying an additional 661,109 shares during the period. Capital World Investors lifted its holdings in shares of Alibaba Group Holding Limited by 5.7% in the 2nd quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after buying an additional 1,091,620 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 5.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after buying an additional 626,446 shares during the period. Institutional investors and hedge funds own 37.47% of the company’s stock.

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Shares of Alibaba Group Holding Limited (NYSE BABA) traded down $2.31 during mid-day trading on Tuesday, reaching $182.23. The company’s stock had a trading volume of 8,742,822 shares, compared to its average volume of 14,838,464. The stock has a market capitalization of $467,080.00, a P/E ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.60. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.22.

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

A number of equities research analysts recently weighed in on the company. Vetr upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 price objective for the company in a research note on Wednesday, September 6th. SunTrust Banks, Inc. restated a “buy” rating and set a $205.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, October 20th. Barclays PLC upped their price objective on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank AG decreased their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $184.45.

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.

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

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