Capital World Investors grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,243,958 shares of the specialty retailer’s stock after purchasing an additional 1,091,620 shares during the period. Capital World Investors owned about 0.80% of Alibaba Group Holding Limited worth $2,852,374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Discovery Capital Management LLC CT purchased a new position in shares of Alibaba Group Holding Limited in the 2nd quarter worth approximately $74,522,000. Capital Guardian Trust Co. increased its position in shares of Alibaba Group Holding Limited by 1.4% during the second quarter. Capital Guardian Trust Co. now owns 1,028,501 shares of the specialty retailer’s stock valued at $144,916,000 after acquiring an additional 13,787 shares during the last quarter. GLG Partners LP increased its position in shares of Alibaba Group Holding Limited by 68.6% during the second quarter. GLG Partners LP now owns 202,715 shares of the specialty retailer’s stock valued at $28,563,000 after acquiring an additional 82,506 shares during the last quarter. L & S Advisors Inc increased its position in shares of Alibaba Group Holding Limited by 28.3% during the second quarter. L & S Advisors Inc now owns 5,097 shares of the specialty retailer’s stock valued at $718,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in shares of Alibaba Group Holding Limited by 11.7% during the second quarter. Zurich Insurance Group Ltd FI now owns 41,232 shares of the specialty retailer’s stock valued at $5,810,000 after acquiring an additional 4,309 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $190.00 target price (up from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Royal Bank Of Canada lifted their target price on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Thursday, June 15th. Macquarie boosted their price target on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC restated 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 report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $174.24.

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Alibaba Group Holding Limited (BABA) traded up 0.90% during mid-day trading on Monday, reaching $174.27. 5,056,611 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $166.56 and its 200 day moving average price is $135.68. The firm has a market cap of $443.17 billion, a price-to-earnings ratio of 57.84 and a beta of 2.61. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87.

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 the consensus estimate of $0.73 by $0.21. The company 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 quarter in the previous year, the business posted $0.74 earnings per share. On average, equities analysts forecast that Alibaba Group Holding Limited will post $4.96 EPS for the current year.

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.

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

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