Joho Capital LLC reduced its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 793,637 shares of the specialty retailer’s stock after selling 180,000 shares during the period. Alibaba Group comprises 35.2% of Joho Capital LLC’s holdings, making the stock its largest position. Joho Capital LLC’s holdings in Alibaba Group were worth $136,847,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Egerton Capital UK LLP acquired a new stake in shares of Alibaba Group in the third quarter worth approximately $507,041,000. Third Point LLC boosted its stake in shares of Alibaba Group by 46.7% in the third quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock worth $1,139,886,000 after acquiring an additional 2,100,000 shares during the last quarter. Barings LLC boosted its stake in shares of Alibaba Group by 7,117.7% in the fourth quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer’s stock worth $264,840,000 after acquiring an additional 1,514,648 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Alibaba Group by 2.6% in the fourth quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock worth $9,737,009,000 after acquiring an additional 1,443,555 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Alibaba Group by 51.3% in the third quarter. Legal & General Group Plc now owns 3,462,294 shares of the specialty retailer’s stock worth $597,897,000 after acquiring an additional 1,174,045 shares during the last quarter. 38.13% of the stock is currently owned by institutional investors.
Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $186.14 on Thursday. Alibaba Group Holding Ltd has a 1 year low of $102.10 and a 1 year high of $206.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $482,162.84, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 1.53 and a beta of 2.58.
A number of brokerages have recently issued reports on BABA. Stifel Nicolaus reaffirmed a “buy” rating and issued a $230.00 price target (up from $210.00) on shares of Alibaba Group in a research note on Sunday, January 28th. SunTrust Banks lifted their price objective on Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Morgan Stanley set a $250.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. KeyCorp lifted their price objective on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Oppenheimer reiterated a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $211.22.
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About Alibaba Group
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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