First Heartland Consultants Inc. decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,150 shares of the specialty retailer’s stock after selling 379 shares during the quarter. First Heartland Consultants Inc.’s holdings in Alibaba Group were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in shares of Alibaba Group by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after purchasing an additional 7,544,165 shares during the period. Third Point LLC acquired a new stake in shares of Alibaba Group in the 2nd quarter valued at about $634,050,000. Hillhouse Capital Management Ltd. boosted its position in shares of Alibaba Group by 38,449.4% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after purchasing an additional 3,561,187 shares during the period. Boussard & Gavaudan Investment Management LLP boosted its position in shares of Alibaba Group by 37.1% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock valued at $1,986,697,000 after purchasing an additional 3,141,790 shares during the period. Finally, Egerton Capital UK LLP acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at about $507,041,000. Institutional investors own 38.13% of the company’s stock.

Alibaba Group Holding Limited (BABA) opened at $174.64 on Wednesday. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market cap of $459,189.28, a price-to-earnings ratio of 52.12, a PEG ratio of 1.36 and a beta of 2.52.

A number of analysts have weighed in on the company. Bank of America increased their price objective on Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Macquarie increased their price objective on Alibaba Group from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. SunTrust Banks assumed coverage on Alibaba Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective for the company. KeyCorp set a $182.00 price objective on Alibaba Group and gave the stock an “overweight” rating in a research report on Friday, August 18th. Finally, MKM Partners increased their price objective on Alibaba Group from $177.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $185.14.

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About Alibaba Group

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 (NYSE:BABA)

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