Hunt Lane Capital LP grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 53.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 460,000 shares of the specialty retailer’s stock after acquiring an additional 160,000 shares during the quarter. Alibaba Group Holding Limited accounts for 11.8% of Hunt Lane Capital LP’s holdings, making the stock its biggest position. Hunt Lane Capital LP’s holdings in Alibaba Group Holding Limited were worth $64,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BABA. Shine Investment Advisory Services Inc. bought a new position in Alibaba Group Holding Limited during the 2nd quarter worth approximately $102,000. FNY Managed Accounts LLC acquired a new position in Alibaba Group Holding Limited during the first quarter valued at approximately $107,000. Lee Financial Co grew its holdings in Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 250 shares during the period. Winch Advisory Services LLC grew its holdings in Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares during the period. Finally, WFG Advisors LP grew its holdings in Alibaba Group Holding Limited by 5.3% during the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after purchasing an additional 59 shares during the period. 37.39% of the stock is owned by institutional investors.

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A number of research firms recently commented on BABA. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price objective for the company in a research report on Monday, August 28th. Stifel Nicolaus lifted their target price on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, August 21st. BidaskClub cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. boosted their target price on Alibaba Group Holding Limited to $200.00 and gave the company an “outperform” rating in a research note on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $179.00 target price on Alibaba Group Holding Limited and gave the company a “buy” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has an average rating of “Buy” and an average price target of $175.48.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 2.291% during midday trading on Tuesday, hitting $177.588. 7,752,663 shares of the stock were exchanged. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $180.87. The stock’s 50-day moving average price is $171.33 and its 200-day moving average price is $140.21. The firm has a market capitalization of $451.61 billion, a price-to-earnings ratio of 58.941 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the business posted $0.74 earnings per share. On average, analysts forecast that Alibaba Group Holding Limited will post $4.96 EPS for the current year.

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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