Tairen Capital Ltd boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 229.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 881,953 shares of the specialty retailer’s stock after buying an additional 614,141 shares during the quarter. Alibaba Group Holding Limited makes up 26.9% of Tairen Capital Ltd’s holdings, making the stock its 2nd biggest holding. Tairen Capital Ltd’s holdings in Alibaba Group Holding Limited were worth $124,267,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after buying an additional 54,829,289 shares in the last quarter. Capital Research Global Investors boosted its stake in Alibaba Group Holding Limited by 2.2% in the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after buying an additional 738,281 shares in the last quarter. FMR LLC boosted its stake in Alibaba Group Holding Limited by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after buying an additional 7,544,165 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after buying an additional 2,030,747 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Alibaba Group Holding Limited by 3.3% in the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock valued at $2,881,139,000 after buying an additional 661,109 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Alibaba Group Holding Limited (NYSE BABA) traded down 1.15% during midday trading on Friday, reaching $178.45. The company’s stock had a trading volume of 18,107,742 shares. The stock has a 50-day moving average price of $175.04 and a 200-day moving average price of $144.72. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $184.70. The stock has a market cap of $457.04 billion, a price-to-earnings ratio of 72.25 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last posted 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 the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter in the prior year, the business posted $0.74 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $4.98 earnings per share for the current fiscal year.

Several research firms recently weighed in on BABA. Needham & Company LLC raised their price objective on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Vetr lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price objective on the stock. in a research note on Wednesday, August 16th. Royal Bank Of Canada raised their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation raised their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a $204.00 price objective (up from $184.00) on shares of Alibaba Group Holding Limited in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $177.09.

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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