Sumitomo Mitsui Asset Management Company LTD cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 345,916 shares of the specialty retailer’s stock after selling 8,942 shares during the quarter. Alibaba Group Holding Limited makes up 0.9% of Sumitomo Mitsui Asset Management Company LTD’s holdings, making the stock its 25th biggest holding. Sumitomo Mitsui Asset Management Company LTD’s holdings in Alibaba Group Holding Limited were worth $59,743,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in Alibaba Group Holding Limited by 61.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,667 shares of the specialty retailer’s stock valued at $5,356,000 after purchasing an additional 18,914 shares during the last quarter. Bluestein R H & Co. raised its position in Alibaba Group Holding Limited by 37.0% in the first quarter. Bluestein R H & Co. now owns 9,250 shares of the specialty retailer’s stock valued at $997,000 after purchasing an additional 2,500 shares during the last quarter. Geode Capital Management LLC raised its position in Alibaba Group Holding Limited by 9.2% in the first quarter. Geode Capital Management LLC now owns 1,511,206 shares of the specialty retailer’s stock valued at $162,300,000 after purchasing an additional 126,908 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in Alibaba Group Holding Limited by 48.2% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 116,214 shares of the specialty retailer’s stock valued at $12,531,000 after purchasing an additional 37,798 shares during the last quarter. Finally, Ativo Capital Management LLC raised its position in Alibaba Group Holding Limited by 3.0% in the first quarter. Ativo Capital Management LLC now owns 16,952 shares of the specialty retailer’s stock valued at $1,828,000 after purchasing an additional 491 shares during the last quarter. 37.45% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on BABA. Bank of America Corporation reiterated a “buy” rating and issued a $200.00 target price on shares of Alibaba Group Holding Limited in a research report on Monday, October 16th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $190.00 target price (up from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Vetr downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 target price for the company. in a research report on Wednesday, October 4th. Royal Bank Of Canada increased their target price on Alibaba Group Holding Limited from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Finally, Macquarie increased their target price on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $181.89.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.507% during trading on Tuesday, hitting $182.501. The stock had a trading volume of 7,272,257 shares. The company has a 50-day moving average of $176.64 and a 200 day moving average of $150.30. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $184.70. The firm has a market cap of $464.10 billion, a P/E ratio of 60.571 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post $4.91 earnings per share for the current fiscal year.

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Alibaba Group Holding Limited 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 Holding Limited (NYSE:BABA)

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