Rothschild Investment Corp IL grew its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,198 shares of the specialty retailer’s stock after buying an additional 694 shares during the period. Rothschild Investment Corp IL’s holdings in Alibaba Group were worth $1,186,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Hillhouse Capital Management Ltd. raised its position in shares of Alibaba Group by 318.7% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock worth $1,207,511,000 after purchasing an additional 4,954,118 shares during the last quarter. Bank of America Corp DE raised its position in shares of Alibaba Group by 32.9% in the 2nd quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock worth $1,968,114,000 after purchasing an additional 2,626,882 shares during the last quarter. BlackRock Inc. raised its position in shares of Alibaba Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock worth $11,708,501,000 after purchasing an additional 2,077,793 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Alibaba Group by 20,210.4% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock worth $8,224,000 after purchasing an additional 1,525,075 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Alibaba Group by 8.4% in the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock worth $2,963,007,000 after purchasing an additional 1,235,562 shares during the last quarter. Hedge funds and other institutional investors own 38.64% of the company’s stock.

A number of brokerages have weighed in on BABA. ValuEngine lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. CLSA set a $240.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, September 24th. HSBC began coverage on Alibaba Group in a research report on Wednesday, September 12th. They issued a “buy” rating for the company. Zacks Investment Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. Finally, MKM Partners decreased their target price on Alibaba Group to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $222.86.

Alibaba Group stock opened at $148.14 on Thursday. The stock has a market cap of $421.98 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.20 and a beta of 2.41. Alibaba Group Holding Ltd has a 52-week low of $135.14 and a 52-week high of $211.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The firm had revenue of $12.23 billion for the quarter, compared to the consensus estimate of $12.25 billion. Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. On average, sell-side analysts expect that Alibaba Group Holding Ltd will post 3.96 earnings per share for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Further Reading: Diversification in Your Portfolio

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.