Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,590,486 shares of the specialty retailer’s stock after purchasing an additional 476,808 shares during the quarter. Alibaba Group Holding Limited makes up about 0.9% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its 17th biggest position. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.14% of Alibaba Group Holding Limited worth $620,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors boosted its holdings 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 buying an additional 738,281 shares during the period. FMR LLC boosted its holdings 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 buying an additional 7,544,165 shares during the period. Jennison Associates LLC boosted its holdings 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 buying an additional 661,109 shares during the period. Capital World Investors boosted its holdings 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 buying an additional 1,091,620 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings 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 buying an additional 626,446 shares during the period. Institutional investors own 37.47% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) traded up $4.13 during trading on Thursday, hitting $185.61. The stock had a trading volume of 7,055,289 shares, compared to its average volume of 14,844,616. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.22. 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 firm has a market capitalization of $475,580.00, a P/E ratio of 52.85, a P/E/G ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data 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 company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. equities research analysts predict that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

A number of analysts have weighed in on BABA shares. Robert W. Baird increased their price target on shares of 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) reissued a “buy” rating and issued a $208.00 price target (up from $200.00) on shares of Alibaba Group Holding Limited in a report on Sunday, August 20th. Zacks Investment Research downgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. MKM Partners reissued a “buy” rating and issued a $220.00 price target on shares of Alibaba Group Holding Limited in a report on Monday, October 2nd. Finally, Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $202.18 price target for the company in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $184.45.

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About Alibaba Group Holding Limited

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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