Advisor Group Inc. lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 30.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,666 shares of the specialty retailer’s stock after purchasing an additional 14,155 shares during the period. Advisor Group Inc.’s holdings in Alibaba Group Holding Limited were worth $10,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. FMR LLC grew its stake in shares of Alibaba Group Holding Limited by 42.5% in 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. Fisher Asset Management LLC increased its position in shares of Alibaba Group Holding Limited by 87.4% in the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock worth $1,453,929,000 after acquiring an additional 4,813,431 shares in the last quarter. Third Point LLC purchased a new position in shares of Alibaba Group Holding Limited in the second quarter worth approximately $634,050,000. Hillhouse Capital Management Ltd. increased its position in shares of Alibaba Group Holding Limited by 38,449.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after acquiring an additional 3,561,187 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP increased its position in shares of Alibaba Group Holding Limited by 37.1% in the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares in the last quarter. 37.47% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Advisor Group Inc. Acquires 14,155 Shares of Alibaba Group Holding Limited (BABA)” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/11/13/advisor-group-inc-acquires-14155-shares-of-alibaba-group-holding-limited-baba.html.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down $1.87 during mid-day trading on Monday, reaching $184.54. 17,108,962 shares of the company were exchanged, compared to its average volume of 14,827,669. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22. The company has a market capitalization of $477,424.75, a price-to-earnings ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results 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 net margin of 30.87% and a return on equity of 17.89%. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. equities analysts anticipate that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

Several research analysts have recently weighed in on BABA shares. HSBC Holdings plc reissued a “buy” rating and issued a $168.00 target price (up from $162.00) on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. Instinet reissued a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC lifted their target price on shares of Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Finally, Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $173.25 target price on the stock in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $184.20.

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.

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 Limited (NYSE:BABA).

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

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