Polen Capital Management LLC increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,866 shares of the specialty retailer’s stock after buying an additional 1,412 shares during the period. Alibaba Group Holding Limited accounts for about 0.0% of Polen Capital Management LLC’s holdings, making the stock its 23rd largest position. Polen Capital Management LLC’s holdings in Alibaba Group Holding Limited were worth $1,603,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BABA. Coldstream Capital Management Inc. increased its stake in Alibaba Group Holding Limited by 10.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,345 shares of the specialty retailer’s stock worth $206,000 after buying an additional 222 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Alibaba Group Holding Limited during the fourth quarter worth $171,085,000. Mandatum Life Insurance Co Ltd increased its stake in Alibaba Group Holding Limited by 3.0% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 4,196 shares of the specialty retailer’s stock worth $368,000 after buying an additional 121 shares in the last quarter. Investec Asset Management LTD increased its stake in Alibaba Group Holding Limited by 19.1% in the fourth quarter. Investec Asset Management LTD now owns 3,532,578 shares of the specialty retailer’s stock worth $310,196,000 after buying an additional 565,897 shares in the last quarter. Finally, TCW Group Inc. increased its stake in Alibaba Group Holding Limited by 31.4% in the fourth quarter. TCW Group Inc. now owns 74,431 shares of the specialty retailer’s stock worth $6,536,000 after buying an additional 17,790 shares in the last quarter. Institutional investors and hedge funds own 36.69% of the company’s stock.

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

Shares of Alibaba Group Holding Limited (BABA) traded down 0.16% during trading on Friday, hitting $134.87. The company had a trading volume of 36,431,311 shares. The stock has a market capitalization of $341.22 billion, a price-to-earnings ratio of 54.49 and a beta of 2.63. The stock has a 50-day moving average of $124.54 and a 200 day moving average of $106.84. Alibaba Group Holding Limited has a 12-month low of $73.30 and a 12-month high of $148.29.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the business posted $0.47 EPS. On average, analysts predict that Alibaba Group Holding Limited will post $4.55 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/alibaba-group-holding-limited-baba-shares-bought-by-polen-capital-management-llc/1372266.html.

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