Vontobel Asset Management Inc. increased its stake in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 22.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,979,422 shares of the company’s stock after buying an additional 2,229,206 shares during the period. Alibaba Group Holding comprises approximately 10.1% of Vontobel Asset Management Inc.’s holdings, making the stock its largest position. Vontobel Asset Management Inc. owned approximately 0.48% of Alibaba Group Holding worth $1,286,940,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd boosted its position in shares of Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock valued at $4,300,696,000 after buying an additional 6,526,596 shares in the last quarter. State Street Corp boosted its position in shares of Alibaba Group Holding by 63.9% in the second quarter. State Street Corp now owns 16,141,308 shares of the company’s stock valued at $1,283,715,000 after buying an additional 6,292,030 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Alibaba Group Holding by 84.5% in the second quarter. BlackRock Fund Advisors now owns 11,966,477 shares of the company’s stock valued at $951,694,000 after buying an additional 5,481,106 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Alibaba Group Holding by 25.5% in the second quarter. Schroder Investment Management Group now owns 19,550,484 shares of the company’s stock valued at $1,554,850,000 after buying an additional 3,977,085 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Alibaba Group Holding by 29.4% in the second quarter. Jennison Associates LLC now owns 17,020,126 shares of the company’s stock valued at $1,353,611,000 after buying an additional 3,865,177 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

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

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded up 0.02% during midday trading on Monday, reaching $93.41. 8,926,916 shares of the company were exchanged. The firm has a 50-day moving average of $100.90 and a 200 day moving average of $90.34. The firm has a market capitalization of $231.47 billion, a P/E ratio of 49.24 and a beta of 2.93. Alibaba Group Holding Ltd. has a 52 week low of $59.25 and a 52 week high of $109.87.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. The company earned $5.14 billion during the quarter, compared to analyst estimates of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.29%. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities research analysts expect that Alibaba Group Holding Ltd. will post $3.28 EPS for the current year.

A number of equities research analysts have weighed in on the stock. Citigroup Inc. restated a “buy” rating and issued a $138.00 price objective on shares of Alibaba Group Holding in a report on Thursday, September 29th. Zacks Investment Research upgraded shares of Alibaba Group Holding from a “hold” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a report on Friday, October 14th. Cantor Fitzgerald restated a “buy” rating on shares of Alibaba Group Holding in a report on Monday, November 14th. Nomura restated a “buy” rating and issued a $129.00 price objective (up previously from $95.00) on shares of Alibaba Group Holding in a report on Monday, October 17th. Finally, Vetr upgraded shares of Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $120.23 price objective on the stock in a report on Tuesday, October 11th. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Alibaba Group Holding presently has a consensus rating of “Buy” and a consensus price target of $117.01.

Alibaba Group Holding Company Profile

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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