Seatown Holdings Pte. Ltd. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 37.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,760 shares of the specialty retailer’s stock after selling 122,641 shares during the period. Alibaba Group Holding Limited makes up about 2.6% of Seatown Holdings Pte. Ltd.’s investment portfolio, making the stock its 10th largest position. Seatown Holdings Pte. Ltd.’s holdings in Alibaba Group Holding Limited were worth $35,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AJO LP increased its stake in shares of Alibaba Group Holding Limited by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after buying an additional 47,324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Alibaba Group Holding Limited by 18.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after buying an additional 16,528 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of Alibaba Group Holding Limited in the second quarter worth $218,000. Aperio Group LLC increased its stake in shares of Alibaba Group Holding Limited by 10.6% in the third quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after buying an additional 18,663 shares during the last quarter. Finally, Sylebra HK Co Ltd increased its stake in shares of Alibaba Group Holding Limited by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 347,680 shares of the specialty retailer’s stock worth $37,490,000 after buying an additional 1,631 shares during the last quarter. Institutional investors own 37.45% of the company’s stock.

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A number of equities analysts have commented on the stock. BidaskClub raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC lifted their price objective on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird lifted their price objective on shares of Alibaba Group Holding Limited from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday. KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a report on Friday. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $183.31.

Alibaba Group Holding Limited (NYSE BABA) traded up $3.94 during midday trading on Monday, reaching $187.15. The company’s stock had a trading volume of 4,943,292 shares, compared to its average volume of 18,294,868. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market cap of $469,229.06, a P/E ratio of 53.26, a PEG ratio of 1.56 and a beta of 2.61. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same quarter in the previous year, the company earned $0.74 EPS. research analysts forecast that Alibaba Group Holding Limited will post 3.96 earnings per share for the current fiscal 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.

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

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