Andra AP fonden increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 456,264 shares of the specialty retailer’s stock after purchasing an additional 15,564 shares during the period. Alibaba Group Holding Limited accounts for 1.8% of Andra AP fonden’s portfolio, making the stock its largest position. Andra AP fonden’s holdings in Alibaba Group Holding Limited were worth $78,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. bought a new stake in Alibaba Group Holding Limited during the 2nd quarter valued at $102,000. FNY Managed Accounts LLC bought a new stake in Alibaba Group Holding Limited during the 1st quarter valued at $107,000. Lee Financial Co raised its stake in Alibaba Group Holding Limited by 45.5% during the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 250 shares in the last quarter. Winch Advisory Services LLC raised its stake in Alibaba Group Holding Limited by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group Holding Limited during the 2nd quarter valued at $116,000. 37.45% of the stock is currently owned by institutional investors and hedge funds.

BABA has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Alibaba Group Holding Limited from $170.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $208.00 price target (up from $200.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, August 20th. Zacks Investment Research cut Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. MKM Partners reiterated a “buy” rating and set a $220.00 price target on shares of Alibaba Group Holding Limited in a research report on Monday, October 2nd. Finally, Vetr upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $202.18 price target on the stock in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and a consensus price target of $183.31.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded down $2.87 during trading hours on Friday, hitting $183.21. The company’s stock had a trading volume of 19,697,343 shares, compared to its average volume of 17,490,000. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.22. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $469.23 billion, a PE ratio of 53.72, a P/E/G ratio of 1.57 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 18.65% and a net margin of 30.87%. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. equities analysts forecast that Alibaba Group Holding Limited will post 3.96 earnings per share for the current fiscal year.

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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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