Zurich Insurance Group Ltd FI boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,232 shares of the specialty retailer’s stock after acquiring an additional 4,309 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Alibaba Group Holding Limited were worth $5,810,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in Alibaba Group Holding Limited by 2,538.7% during the 1st quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after acquiring an additional 54,829,289 shares during the period. FMR LLC grew its stake in shares of Alibaba Group Holding Limited by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after purchasing an additional 7,544,165 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Alibaba Group Holding Limited by 3.3% in the 1st quarter. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer’s stock valued at $2,657,606,000 after purchasing an additional 776,232 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Alibaba Group Holding Limited by 10.4% in the 1st quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after purchasing an additional 2,030,747 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Alibaba Group Holding Limited by 3.3% in the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock valued at $2,881,139,000 after purchasing an additional 661,109 shares during the last quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.

A number of research analysts have recently issued reports on the company. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 target price on the stock in a report on Wednesday, September 6th. Barclays PLC increased their price target on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Deutsche Bank AG decreased their price target on Alibaba Group Holding Limited to $199.00 and set a “buy” rating for the company in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price objective on the stock in a research report on Thursday, June 15th. Finally, BidaskClub lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $174.24.

Alibaba Group Holding Limited (NYSE:BABA) traded up 1.057% during midday trading on Monday, reaching $174.535. 4,493,710 shares of the company were exchanged. The stock has a market capitalization of $443.84 billion, a price-to-earnings ratio of 57.927 and a beta of 2.61. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $180.87. The firm’s 50-day moving average price is $166.56 and its 200 day moving average price is $135.68.

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 (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 during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. Equities analysts predict that Alibaba Group Holding Limited will post $4.96 earnings per share for the current year.

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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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