Nordea Investment Management AB boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,621,246 shares of the specialty retailer’s stock after buying an additional 224,912 shares during the quarter. Alibaba Group makes up 1.1% of Nordea Investment Management AB’s portfolio, making the stock its 27th largest position. Nordea Investment Management AB owned 0.10% of Alibaba Group worth $452,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ETRADE Capital Management LLC lifted its holdings in Alibaba Group by 7.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 11,824 shares of the specialty retailer’s stock valued at $2,042,000 after buying an additional 851 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in Alibaba Group by 52.9% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 11,128 shares of the specialty retailer’s stock valued at $1,922,000 after buying an additional 3,850 shares in the last quarter. TD Asset Management Inc. increased its position in Alibaba Group by 2.7% during the 3rd quarter. TD Asset Management Inc. now owns 973,168 shares of the specialty retailer’s stock valued at $168,076,000 after purchasing an additional 25,696 shares during the period. Cornerstone Financial Partners LLC purchased a new position in Alibaba Group during the 3rd quarter valued at about $580,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in Alibaba Group by 7.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 102,706 shares of the specialty retailer’s stock valued at $17,739,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 37.39% of the company’s stock.

Alibaba Group Holding Limited (BABA) opened at $191.19 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.75. The stock has a market cap of $489,667.06, a P/E ratio of 55.58, a PEG ratio of 1.45 and a beta of 2.61.

BABA has been the topic of a number of research reports. Barclays PLC raised their target price on shares of Alibaba Group to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $173.25 target price on the stock in a research report on Tuesday, August 15th. Stifel Nicolaus raised their target price on shares of Alibaba Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $160.00 target price on shares of Alibaba Group in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and an average target price of $184.45.

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Alibaba Group 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 (NYSE:BABA)

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