Hillhouse Capital Management Ltd. boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 38,449.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,570,449 shares of the specialty retailer’s stock after purchasing an additional 3,561,187 shares during the quarter. Alibaba Group Holding Limited comprises 7.8% of Hillhouse Capital Management Ltd.’s portfolio, making the stock its 2nd largest holding. Hillhouse Capital Management Ltd. owned approximately 0.14% of Alibaba Group Holding Limited worth $503,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of Alibaba Group Holding Limited by 0.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after purchasing an additional 23 shares during the last quarter. Ronald Blue & Co. LLC increased its stake in shares of Alibaba Group Holding Limited by 0.7% in the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 25 shares during the period. Cornerstone Advisors Inc. increased its stake in shares of Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after purchasing an additional 30 shares during the period. Comerica Securities Inc. increased its stake in shares of Alibaba Group Holding Limited by 1.9% in the first quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC increased its stake in shares of Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 52 shares during the period. 37.39% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have commented on BABA shares. Needham & Company LLC lifted their price target on Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Vetr lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price target for the company. in a report on Wednesday, August 16th. Royal Bank Of Canada increased their price objective on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation increased their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, KeyCorp set a $182.00 price objective on shares of Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding Limited has an average rating of “Buy” and a consensus target price of $175.55.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.43% during midday trading on Wednesday, hitting $179.32. 6,968,730 shares of the company were exchanged. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87. The stock has a market capitalization of $456.01 billion, a PE ratio of 59.52 and a beta of 2.60. The firm’s 50-day moving average price is $172.02 and its 200-day moving average price is $140.73.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter last year, the business posted $0.74 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $4.95 earnings per share for the current year.

Alibaba Group Holding Limited 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.

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

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