GLG Partners LP lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 68.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,715 shares of the specialty retailer’s stock after purchasing an additional 82,506 shares during the period. Alibaba Group Holding Limited comprises 1.6% of GLG Partners LP’s investment portfolio, making the stock its 8th biggest position. GLG Partners LP’s holdings in Alibaba Group Holding Limited were worth $28,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group Holding Limited during the second quarter worth about $102,000. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter worth about $107,000. Lee Financial Co increased its stake in shares of Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC increased its stake in shares of Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares in the last quarter. Finally, WFG Advisors LP increased its stake in shares of Alibaba Group Holding Limited by 5.3% during the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock worth $127,000 after purchasing an additional 59 shares in the last quarter. 37.38% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE BABA) traded up 1.45% during midday trading on Friday, reaching $172.71. 13,401,803 shares of the company’s stock were exchanged. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $180.87. The firm has a market capitalization of $439.20 billion, a P/E ratio of 57.32 and a beta of 2.62. The stock’s 50 day moving average is $166.56 and its 200 day moving average is $135.68.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the company posted $0.74 earnings per share. On average, analysts expect that Alibaba Group Holding Limited will post $4.96 EPS for the current fiscal year.

A number of research firms have recently commented on BABA. Macquarie boosted their target price on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation boosted their target price on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. SunTrust Banks, Inc. began coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price for the company. KeyCorp set a $182.00 target price on shares of Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research note on Friday, August 18th. Finally, MKM Partners boosted their target price on shares of Alibaba Group Holding Limited from $177.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $174.24.

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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.

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

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