Commonwealth Bank of Australia lifted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,048 shares of the specialty retailer’s stock after buying an additional 800 shares during the period. Commonwealth Bank of Australia’s holdings in Alibaba Group were worth $1,654,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Alibaba Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock worth $11,708,501,000 after acquiring an additional 2,077,793 shares during the period. Schroder Investment Management Group grew its holdings in Alibaba Group by 1.5% during the 2nd quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock worth $4,249,763,000 after acquiring an additional 328,861 shares during the period. Morgan Stanley grew its holdings in Alibaba Group by 8.4% during the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock worth $2,963,007,000 after acquiring an additional 1,235,562 shares during the period. OppenheimerFunds Inc. grew its holdings in Alibaba Group by 8.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock worth $2,927,474,000 after acquiring an additional 1,182,927 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP grew its holdings in Alibaba Group by 0.6% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 12,970,558 shares of the specialty retailer’s stock worth $2,413,173,000 after acquiring an additional 80,000 shares during the period. Institutional investors own 38.14% of the company’s stock.

BABA has been the topic of a number of research analyst reports. Goldman Sachs Group increased their price objective on shares of Alibaba Group from $241.00 to $247.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Macquarie cut their price objective on shares of Alibaba Group from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. SunTrust Banks cut their price objective on shares of Alibaba Group from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Barclays set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Finally, ValuEngine raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $214.55.

Shares of BABA stock opened at $149.41 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.26. Alibaba Group Holding Ltd has a 12-month low of $130.06 and a 12-month high of $211.70. The company has a market cap of $373.88 billion, a PE ratio of 37.07, a P/E/G ratio of 1.35 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the business posted $1.29 EPS. Alibaba Group’s quarterly revenue was up 49.6% compared to the same quarter last year. Equities analysts forecast that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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