New York State Common Retirement Fund reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 751,701 shares of the specialty retailer’s stock after selling 111,845 shares during the quarter. New York State Common Retirement Fund’s holdings in Alibaba Group were worth $129,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Research Global Investors increased its position in Alibaba Group by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after acquiring an additional 738,281 shares during the period. FMR LLC boosted its stake in Alibaba Group by 42.5% during the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after purchasing an additional 7,544,165 shares in the last quarter. Jennison Associates LLC boosted its stake in Alibaba Group by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock valued at $2,881,139,000 after purchasing an additional 661,109 shares in the last quarter. Capital World Investors boosted its stake in Alibaba Group by 5.7% during the 2nd quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock valued at $2,852,374,000 after purchasing an additional 1,091,620 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Alibaba Group by 5.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock valued at $1,723,771,000 after purchasing an additional 626,446 shares in the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

A number of brokerages have issued reports on BABA. Needham & Company LLC increased their price target on Alibaba Group from $155.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $175.06 price target for the company. in a research note on Wednesday, August 16th. Royal Bank Of Canada increased their price target on Alibaba Group from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Bank of America increased their price target on Alibaba Group from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, KeyCorp set a $182.00 price target on Alibaba Group and gave the company an “overweight” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $184.52.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $174.61 on Friday. The firm has a market capitalization of $453,529.16, a price-to-earnings ratio of 51.48, a PEG ratio of 1.34 and a beta of 2.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75.

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Alibaba Group 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.

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

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