D.A. Davidson & CO. boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 16.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,437 shares of the specialty retailer’s stock after buying an additional 2,988 shares during the period. D.A. Davidson & CO.’s holdings in Alibaba Group Holding Limited were worth $3,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors grew its stake in Alibaba Group Holding Limited by 2.2% during the second 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 in the last quarter. FMR LLC lifted its holdings in shares of Alibaba Group Holding Limited by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Alibaba Group Holding Limited by 3.3% in the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after acquiring an additional 661,109 shares during the last quarter. Capital World Investors lifted its holdings in shares of Alibaba Group Holding Limited by 5.7% in the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after acquiring an additional 1,091,620 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 5.4% in the second quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after acquiring an additional 626,446 shares during the last quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.

Alibaba Group Holding Limited (BABA) opened at $189.84 on Friday. The stock has a market cap of $486,209.47, a P/E ratio of 55.19, a P/E/G ratio of 1.43 and a beta of 2.61. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.75. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

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A number of research firms have recently commented on BABA. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $220.00 target price (up previously from $200.00) on shares of Alibaba Group Holding Limited in a report on Monday, November 6th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a report on Wednesday, November 8th. Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $206.84 target price for the company in a report on Monday, November 13th. BidaskClub raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Needham & Company LLC increased their target price on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One research 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. The company presently has a consensus rating of “Buy” and an average 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.

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

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