Nordea Investment Management AB increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,396,334 shares of the specialty retailer’s stock after acquiring an additional 14,431 shares during the period. Nordea Investment Management AB owned about 0.09% of Alibaba Group Holding Limited worth $337,643,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Suntrust Banks Inc. grew its holdings in shares of Alibaba Group Holding Limited by 23.1% in the second quarter. Suntrust Banks Inc. now owns 74,708 shares of the specialty retailer’s stock valued at $10,525,000 after acquiring an additional 13,995 shares in the last quarter. Bluestein R H & Co. grew its holdings in shares of Alibaba Group Holding Limited by 149.2% in the second quarter. Bluestein R H & Co. now owns 23,050 shares of the specialty retailer’s stock valued at $3,248,000 after acquiring an additional 13,800 shares in the last quarter. Formula Growth Ltd. grew its holdings in shares of Alibaba Group Holding Limited by 28.1% in the second quarter. Formula Growth Ltd. now owns 87,230 shares of the specialty retailer’s stock valued at $12,291,000 after acquiring an additional 19,150 shares in the last quarter. GQG Partners LLC grew its holdings in shares of Alibaba Group Holding Limited by 82.4% in the second quarter. GQG Partners LLC now owns 890,852 shares of the specialty retailer’s stock valued at $125,521,000 after acquiring an additional 402,441 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in shares of Alibaba Group Holding Limited by 2.3% in the second quarter. Zevenbergen Capital Investments LLC now owns 21,342 shares of the specialty retailer’s stock valued at $3,007,000 after acquiring an additional 470 shares in the last quarter. 37.38% of the stock is owned by institutional investors.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 0.42% on Friday, hitting $178.14. The stock had a trading volume of 12,749,689 shares. The stock has a market cap of $453.01 billion, a PE ratio of 59.12 and a beta of 2.62. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $180.87. The company has a 50 day moving average price of $166.56 and a 200-day moving average price of $135.68.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same period in the prior year, the company earned $0.74 EPS. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $5.01 earnings per share for the current year.

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Several equities analysts have weighed in on BABA shares. Macquarie increased their price objective on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation increased their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. Cantor Fitzgerald started coverage on Alibaba Group Holding Limited in a report on Friday. They set an “overweight” rating for the company. SunTrust Banks, Inc. started coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective for the company. Finally, KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the company an “overweight” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group Holding Limited presently has an average rating of “Buy” and a consensus target price of $169.20.

About Alibaba Group Holding Limited

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.

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

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