Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 76.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,605,993 shares of the company’s stock after buying an additional 1,130,509 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.10% of Alibaba Group Holding worth $207,255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Value Partners Ltd. ADV increased its position in Alibaba Group Holding by 2,281.0% in the first quarter. Value Partners Ltd. ADV now owns 150,000 shares of the company’s stock worth $11,855,000 after buying an additional 143,700 shares during the period. Pictet Asset Management Ltd. increased its position in Alibaba Group Holding by 16.1% in the first quarter. Pictet Asset Management Ltd. now owns 1,046,338 shares of the company’s stock worth $71,999,000 after buying an additional 145,329 shares during the period. UBS Asset Management Americas Inc. increased its position in Alibaba Group Holding by 193.7% in the first quarter. UBS Asset Management Americas Inc. now owns 5,060,947 shares of the company’s stock worth $399,967,000 after buying an additional 3,337,825 shares during the period. Primecap Management Co. CA increased its position in Alibaba Group Holding by 15.8% in the first quarter. Primecap Management Co. CA now owns 15,674,905 shares of the company’s stock worth $1,238,788,000 after buying an additional 2,133,100 shares during the period. Finally, Scotia Capital Inc. increased its position in Alibaba Group Holding by 127.8% in the first quarter. Scotia Capital Inc. now owns 23,694 shares of the company’s stock worth $1,874,000 after buying an additional 108,979 shares during the period. 29.15% of the stock is owned by institutional investors and hedge funds.

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

Alibaba Group Holding Ltd. (NYSE:BABA) traded up 0.97% during mid-day trading on Monday, hitting $102.84. 10,350,118 shares of the stock traded hands. The stock has a market cap of $254.32 billion, a P/E ratio of 36.46 and a beta of 2.94. The stock has a 50-day moving average price of $103.27 and a 200-day moving average price of $86.72. Alibaba Group Holding Ltd. has a 12 month low of $59.25 and a 12 month high of $109.87.

Alibaba Group Holding (NYSE:BABA) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. The company earned $4.84 billion during the quarter, compared to the consensus estimate of $4.57 billion. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, equities analysts forecast that Alibaba Group Holding Ltd. will post $3.29 earnings per share for the current year.

BABA has been the topic of several recent research reports. Vetr downgraded Alibaba Group Holding from a “buy” rating to a “hold” rating and set a $113.29 price target on the stock. in a research note on Thursday, September 22nd. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding in a research note on Friday, September 23rd. Citigroup Inc. restated a “buy” rating and issued a $138.00 price target on shares of Alibaba Group Holding in a research note on Thursday, September 29th. Deutsche Bank AG upped their price target on Alibaba Group Holding from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, September 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $132.00 price target on shares of Alibaba Group Holding in a research note on Tuesday, September 27th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Alibaba Group Holding presently has a consensus rating of “Buy” and a consensus target price of $113.22.

About Alibaba Group Holding

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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