Massachusetts Financial Services Co. MA Increases Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

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Massachusetts Financial Services Co. MA raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,734,457 shares of the specialty retailer’s stock after purchasing an additional 175,101 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Alibaba Group were worth $624,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Alibaba Group by 9.5% during the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after buying an additional 6,830,518 shares during the period. Price T Rowe Associates Inc. MD increased its position in Alibaba Group by 9.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock worth $11,125,391,000 after purchasing an additional 5,932,300 shares during the last quarter. Vanguard Group Inc. increased its position in Alibaba Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 43,961,866 shares of the specialty retailer’s stock worth $7,449,339,000 after purchasing an additional 641,497 shares during the last quarter. Invesco Ltd. increased its position in Alibaba Group by 204.2% during the second quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock worth $5,580,942,000 after purchasing an additional 22,110,348 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Alibaba Group by 7.5% during the second quarter. Schroder Investment Management Group now owns 24,523,571 shares of the specialty retailer’s stock worth $4,155,519,000 after purchasing an additional 1,711,439 shares during the last quarter. 43.78% of the stock is currently owned by institutional investors.

NYSE BABA traded up $0.03 during trading hours on Tuesday, reaching $186.74. 8,322,795 shares of the company traded hands, compared to its average volume of 14,919,926. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $475.37 billion, a PE ratio of 52.02, a PEG ratio of 1.22 and a beta of 2.26. The company has a 50 day moving average of $173.77 and a two-hundred day moving average of $171.00.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 1st. The specialty retailer reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.30. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.72 billion. On average, equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current year.

BABA has been the subject of several research analyst reports. Vertical Group initiated coverage on shares of Alibaba Group in a research report on Wednesday, October 23rd. They set a “buy” rating for the company. ValuEngine lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group set a $236.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 24th. HSBC upped their price target on shares of Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $225.78.

Alibaba Group 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.

Further Reading: Death Cross

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

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