Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,410 shares of the specialty retailer’s stock after buying an additional 3,170 shares during the period. Alibaba Group Holding Limited accounts for approximately 0.7% of Meiji Yasuda Asset Management Co Ltd.’s holdings, making the stock its 26th biggest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in Alibaba Group Holding Limited were worth $7,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AJO LP boosted its position in Alibaba Group Holding Limited by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Alibaba Group Holding Limited by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares during the period. Good Life Advisors LLC purchased a new stake in Alibaba Group Holding Limited during the 2nd quarter worth $218,000. Aperio Group LLC boosted its position in Alibaba Group Holding Limited by 10.6% during the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after purchasing an additional 18,663 shares during the period. Finally, Pitcairn Co. purchased a new stake in Alibaba Group Holding Limited during the 3rd quarter worth $3,218,000. 37.39% of the stock is owned by institutional investors.

Alibaba Group Holding Limited (BABA) traded up $2.96 during midday trading on Tuesday, reaching $190.96. 13,880,978 shares of the company’s stock traded hands, compared to its average volume of 14,903,860. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The company has a market cap of $489,950.00, a PE ratio of 53.82, a price-to-earnings-growth ratio of 1.40 and a beta of 2.60. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.22.

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A number of brokerages recently weighed in on BABA. Needham & Company LLC upped their price target on shares of Alibaba Group Holding Limited from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price target for the company. in a research report on Wednesday, August 16th. Royal Bank Of Canada upped their price target on shares of Alibaba Group Holding Limited from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation upped their price target on shares of Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, KeyCorp set a $182.00 price target on shares of Alibaba Group Holding Limited and gave the stock an “overweight” rating in a research report on Friday, August 18th. 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 issued a strong buy rating to the stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and a consensus target price of $184.45.

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.

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

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