Sloane Robinson LLP acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 85,000 shares of the specialty retailer’s stock, valued at approximately $14,680,000. Alibaba Group Holding Limited comprises approximately 6.6% of Sloane Robinson LLP’s portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors boosted its stake in shares of Alibaba Group Holding Limited by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after purchasing an additional 738,281 shares during the last quarter. FMR LLC boosted its stake in shares of Alibaba Group Holding Limited by 42.5% during the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after purchasing an additional 7,544,165 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Alibaba Group Holding Limited by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after purchasing an additional 661,109 shares during the last quarter. Capital World Investors boosted its stake in shares of Alibaba Group Holding Limited by 5.7% during the 2nd quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after purchasing an additional 1,091,620 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Alibaba Group Holding Limited by 5.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after purchasing an additional 626,446 shares during the last quarter. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

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Alibaba Group Holding Limited (NYSE:BABA) traded down $1.06 during midday trading on Thursday, reaching $189.84. 14,417,615 shares of the company traded hands, compared to its average volume of 14,922,704. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $191.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $488,924.28, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of 1.44 and a beta of 2.61.

Several research firms have issued reports on BABA. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $206.73 price target on the stock. in a research note on Friday, November 17th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Wednesday, November 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Alibaba Group Holding Limited in a research note on Monday, November 6th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $210.00 price target on shares of Alibaba Group Holding Limited in a research note on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and a consensus price target of $184.45.

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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