Allianz Asset Management GmbH reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,352,643 shares of the specialty retailer’s stock after selling 93,209 shares during the period. Alibaba Group makes up approximately 0.7% of Allianz Asset Management GmbH’s portfolio, making the stock its 5th largest position. Allianz Asset Management GmbH owned about 0.17% of Alibaba Group worth $751,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its position in Alibaba Group by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares during the period. Third Point LLC acquired a new position in Alibaba Group during the second quarter worth about $634,050,000. Hillhouse Capital Management Ltd. grew its position in Alibaba Group by 38,449.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after buying an additional 3,561,187 shares during the period. Boussard & Gavaudan Investment Management LLP grew its position in Alibaba Group by 37.1% during the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after buying an additional 3,141,790 shares during the period. Finally, Egerton Capital UK LLP acquired a new position in Alibaba Group during the third quarter worth about $507,041,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on BABA. Zacks Investment Research lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, November 24th. Oppenheimer restated a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Vetr upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 target price on the stock in a research report on Wednesday, November 29th. BidaskClub upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC upped their target price on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $184.15.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $169.58 on Tuesday. The company has a market cap of $447,203.13, a P/E ratio of 50.76, a PEG ratio of 1.32 and a beta of 2.52. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

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Alibaba Group 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 (NYSE:BABA)

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