Baillie Gifford & Co. lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,282,089 shares of the specialty retailer’s stock after selling 704,016 shares during the period. Alibaba Group Holding Limited comprises approximately 9.0% of Baillie Gifford & Co.’s investment portfolio, making the stock its largest holding. Baillie Gifford & Co. owned 1.87% of Alibaba Group Holding Limited worth $6,662,046,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Polen Capital Management LLC raised its stake in Alibaba Group Holding Limited by 18.3% in the second quarter. Polen Capital Management LLC now owns 17,582 shares of the specialty retailer’s stock valued at $2,477,000 after buying an additional 2,716 shares during the period. CI Investments Inc. raised its stake in Alibaba Group Holding Limited by 18.0% in the second quarter. CI Investments Inc. now owns 2,290,750 shares of the specialty retailer’s stock valued at $322,767,000 after buying an additional 348,650 shares during the period. Alliancebernstein L.P. raised its stake in Alibaba Group Holding Limited by 13.8% in the second quarter. Alliancebernstein L.P. now owns 3,105,443 shares of the specialty retailer’s stock valued at $437,557,000 after buying an additional 375,802 shares during the period. Pittenger & Anderson Inc. raised its stake in Alibaba Group Holding Limited by 1,747.6% in the second quarter. Pittenger & Anderson Inc. now owns 19,400 shares of the specialty retailer’s stock valued at $2,733,000 after buying an additional 18,350 shares during the period. Finally, HPM Partners LLC bought a new stake in Alibaba Group Holding Limited in the second quarter valued at approximately $360,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

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Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 0.87% on Friday, reaching $169.00. The company had a trading volume of 12,345,308 shares. The company’s 50-day moving average is $161.90 and its 200-day moving average is $131.51. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $177.00. The company has a market capitalization of $429.77 billion, a PE ratio of 57.35 and a beta of 2.62.

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 business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. During the same period in the previous year, the firm posted $0.74 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post $5.10 earnings per share for the current year.

Alibaba Group Holding Limited announced that its board has authorized a stock repurchase program on Thursday, May 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several research firms have recently commented on BABA. Vetr downgraded Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 target price on the stock. in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. upped their target price on Alibaba Group Holding Limited from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. MKM Partners upped their target price on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $190.00 target price (up previously from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Finally, Deutsche Bank AG decreased their target price on Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $169.12.

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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