Nomura Asset Management Co. Ltd. increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,426,372 shares of the specialty retailer’s stock after acquiring an additional 278 shares during the quarter. Alibaba Group comprises 2.7% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its 4th biggest position. Nomura Asset Management Co. Ltd. owned 0.06% of Alibaba Group worth $264,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. BlackRock Inc. increased its stake in Alibaba Group by 8.1% during the 1st quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock valued at $11,201,556,000 after purchasing an additional 4,561,249 shares in the last quarter. Franklin Resources Inc. increased its stake in Alibaba Group by 29.7% during the 1st quarter. Franklin Resources Inc. now owns 7,528,395 shares of the specialty retailer’s stock valued at $1,381,773,000 after purchasing an additional 1,723,683 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Alibaba Group by 20,210.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock valued at $8,224,000 after purchasing an additional 1,525,075 shares in the last quarter. Highbridge Capital Management LLC increased its stake in Alibaba Group by 103.2% during the 1st quarter. Highbridge Capital Management LLC now owns 45,800 shares of the specialty retailer’s stock valued at $8,406,000 after purchasing an additional 1,498,620 shares in the last quarter. Finally, FIL Ltd increased its stake in Alibaba Group by 8.1% during the 1st quarter. FIL Ltd now owns 14,057,320 shares of the specialty retailer’s stock valued at $2,580,080,000 after purchasing an additional 1,050,234 shares in the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.

BABA has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. KeyCorp upped their price target on shares of Alibaba Group from $219.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, May 7th. Oppenheimer upped their price target on shares of Alibaba Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, May 7th. Stifel Nicolaus upped their price target on shares of Alibaba Group from $260.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, May 7th. Finally, Benchmark restated a “buy” rating and set a $245.00 price target on shares of Alibaba Group in a research note on Monday, May 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $231.18.

NYSE:BABA opened at $180.01 on Friday. The firm has a market capitalization of $453.81 billion, a PE ratio of 46.14, a price-to-earnings-growth ratio of 1.13 and a beta of 2.49. Alibaba Group Holding Ltd has a 1-year low of $147.50 and a 1-year high of $211.70. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27.

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.

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

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