Capital International Investors continued to hold its position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,900 shares of the specialty retailer’s stock at the end of the 2nd quarter. Capital International Investors’ holdings in Alibaba Group Holding Limited were worth $22,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wisconsin Investment Board purchased a new position in shares of Alibaba Group Holding Limited in the 1st quarter worth about $484,000. KEYWISE CAPITAL MANAGEMENT Ltd boosted its holdings in shares of Alibaba Group Holding Limited by 80.1% in the 1st quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 91,749 shares of the specialty retailer’s stock worth $9,893,000 after buying an additional 40,800 shares during the last quarter. Johnston Asset Management LLC boosted its holdings in shares of Alibaba Group Holding Limited by 0.6% in the 1st quarter. Johnston Asset Management LLC now owns 874,460 shares of the specialty retailer’s stock worth $94,293,000 after buying an additional 5,090 shares during the last quarter. Chesapeake Asset Management LLC boosted its holdings in shares of Alibaba Group Holding Limited by 132.5% in the 1st quarter. Chesapeake Asset Management LLC now owns 11,824 shares of the specialty retailer’s stock worth $1,275,000 after buying an additional 6,739 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of Alibaba Group Holding Limited by 6.3% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 84,000 shares of the specialty retailer’s stock worth $9,110,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.

A number of equities analysts recently weighed in on BABA shares. Needham & Company LLC boosted their price target on shares of Alibaba Group Holding Limited from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, June 8th. Instinet boosted their price target on shares of Alibaba Group Holding Limited from $139.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC reissued a “buy” rating and issued a $160.00 price target (up from $122.00) on shares of Alibaba Group Holding Limited in a report on Monday, June 12th. Benchmark Co. boosted their price target on shares of Alibaba Group Holding Limited from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a $162.00 price target (up from $145.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $175.55.

Shares of Alibaba Group Holding Limited (BABA) traded down 0.865% on Thursday, reaching $177.165. 3,176,805 shares of the company’s stock were exchanged. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87. The firm has a market cap of $450.53 billion, a PE ratio of 58.800 and a beta of 2.60. The company has a 50 day moving average price of $172.62 and a 200 day moving average price of $141.01.

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 (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 for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Analysts expect that Alibaba Group Holding Limited will post $4.95 EPS for the current fiscal year.

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About Alibaba Group Holding Limited

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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