Strs Ohio boosted its stake in Alibaba Group Holding Ltd. (NYSE:BABA) by 225.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 151,900 shares of the company’s stock after buying an additional 105,200 shares during the period. Strs Ohio’s holdings in Alibaba Group Holding were worth $12,080,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of BABA. Jericho Capital Asset Management L.P. bought a new position in Alibaba Group Holding during the first quarter worth $67,236,000. Legal & General Group Plc boosted its position in Alibaba Group Holding by 0.3% in the first quarter. Legal & General Group Plc now owns 1,024,408 shares of the company’s stock worth $80,944,000 after buying an additional 3,399 shares during the period. Daiwa Securities Group Inc. boosted its position in Alibaba Group Holding by 47.3% in the second quarter. Daiwa Securities Group Inc. now owns 205,313 shares of the company’s stock worth $17,035,000 after buying an additional 65,970 shares during the period. Shell Asset Management Co. boosted its position in Alibaba Group Holding by 68.8% in the second quarter. Shell Asset Management Co. now owns 337,228 shares of the company’s stock worth $26,820,000 after buying an additional 137,410 shares during the period. Finally, Geode Capital Management LLC boosted its position in Alibaba Group Holding by 43.8% in the first quarter. Geode Capital Management LLC now owns 262,059 shares of the company’s stock worth $20,518,000 after buying an additional 79,842 shares during the period. 29.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded up 0.23% during trading on Friday, reaching $105.79. The company’s stock had a trading volume of 15,577,503 shares. Alibaba Group Holding Ltd. has a 12 month low of $59.25 and a 12 month high of $109.87. The company has a market capitalization of $261.62 billion, a P/E ratio of 37.43 and a beta of 2.97. The company’s 50-day moving average is $100.70 and its 200-day moving average is $84.69.
Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The firm earned $4.84 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. During the same quarter last year, the company earned $0.59 earnings per share. On average, analysts forecast that Alibaba Group Holding Ltd. will post $3.29 EPS for the current fiscal year.
BABA has been the subject of several analyst reports. Credit Suisse Group AG reiterated an “outperform” rating and issued a $114.00 target price (up from $110.00) on shares of Alibaba Group Holding in a research note on Wednesday, July 20th. Citigroup Inc. reiterated a “buy” rating and issued a $138.00 target price on shares of Alibaba Group Holding in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 target price (up from $95.00) on shares of Alibaba Group Holding in a research note on Saturday, August 13th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alibaba Group Holding in a research note on Sunday, August 28th. Finally, Vetr upgraded Alibaba Group Holding from a “hold” rating to a “buy” rating and set a $106.15 target price for the company in a research note on Thursday, September 1st. Four analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Alibaba Group Holding presently has a consensus rating of “Buy” and a consensus target price of $109.61.
Alibaba Group Holding Company Profile
Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd. (NYSE:BABA).
Receive News & Ratings for Alibaba Group Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.