Teacher Retirement System of Texas increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 33.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 991,636 shares of the specialty retailer’s stock after purchasing an additional 250,071 shares during the period. Alibaba Group Holding Limited accounts for 1.1% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 12th largest position. Teacher Retirement System of Texas’ holdings in Alibaba Group Holding Limited were worth $171,265,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. raised its holdings in shares of Alibaba Group Holding Limited by 30.4% in the 3rd quarter. Advisor Group Inc. now owns 60,666 shares of the specialty retailer’s stock valued at $10,477,000 after acquiring an additional 14,155 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Alibaba Group Holding Limited by 23.2% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 454,618 shares of the specialty retailer’s stock valued at $78,517,000 after acquiring an additional 85,571 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of Alibaba Group Holding Limited by 531.0% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 28,685 shares of the specialty retailer’s stock valued at $4,954,000 after acquiring an additional 24,139 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Alibaba Group Holding Limited by 24.0% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,742,891 shares of the specialty retailer’s stock valued at $301,015,000 after acquiring an additional 336,777 shares in the last quarter. Finally, Capital Analysts LLC purchased a new stake in shares of Alibaba Group Holding Limited in the 3rd quarter valued at about $181,000. 37.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (NYSE:BABA) traded down $1.87 during trading hours on Monday, reaching $184.54. The company’s stock had a trading volume of 17,108,962 shares, compared to its average volume of 14,827,669. Alibaba Group Holding Limited has a twelve month low of $86.01 and a twelve month high of $191.22. 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 company has a market capitalization of $477,424.75, a price-to-earnings ratio of 54.19, a PEG ratio of 1.41 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The business had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. equities analysts anticipate that Alibaba Group Holding Limited will post 4.31 earnings per share for the current year.

Several analysts have weighed in on BABA shares. Robert W. Baird raised their price target on Alibaba Group Holding Limited from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $208.00 price objective (up from $200.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, August 20th. Zacks Investment Research lowered Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. MKM Partners reiterated a “buy” rating and set a $220.00 price objective on shares of Alibaba Group Holding Limited in a research report on Monday, October 2nd. Finally, Vetr upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $202.18 price objective on the stock in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $184.20.

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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.

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

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