Quantitative Systematic Strategies LLC increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 29.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,203 shares of the specialty retailer’s stock after buying an additional 1,659 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Alibaba Group were worth $1,336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its position in shares of Alibaba Group by 58.8% in the 1st quarter. Global X Management Co. LLC now owns 95,377 shares of the specialty retailer’s stock valued at $17,505,000 after acquiring an additional 35,322 shares during the period. Ashfield Capital Partners LLC raised its position in shares of Alibaba Group by 6.1% in the 1st quarter. Ashfield Capital Partners LLC now owns 21,603 shares of the specialty retailer’s stock valued at $3,965,000 after acquiring an additional 1,234 shares during the period. FDx Advisors Inc. raised its position in shares of Alibaba Group by 7.0% in the 1st quarter. FDx Advisors Inc. now owns 20,925 shares of the specialty retailer’s stock valued at $3,841,000 after acquiring an additional 1,363 shares during the period. Veritas Asset Management LLP raised its position in shares of Alibaba Group by 69.0% in the 1st quarter. Veritas Asset Management LLP now owns 278,915 shares of the specialty retailer’s stock valued at $51,192,000 after acquiring an additional 113,915 shares during the period. Finally, Turim 21 Investimentos Ltda. raised its position in shares of Alibaba Group by 9.3% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 45,149 shares of the specialty retailer’s stock valued at $8,287,000 after acquiring an additional 3,847 shares during the period. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Raymond James cut their price target on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday. Argus assumed coverage on shares of Alibaba Group in a research report on Monday, June 25th. They issued a “buy” rating and a $275.00 price target on the stock. Susquehanna Bancshares reiterated a “positive” rating and issued a $305.00 price target on shares of Alibaba Group in a research report on Monday, July 9th. Wells Fargo & Co reiterated a “buy” rating on shares of Alibaba Group in a research report on Wednesday, July 11th. Finally, MKM Partners increased their price target on shares of Alibaba Group from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, May 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $230.51.

Shares of BABA opened at $172.78 on Friday. The company has a market cap of $461.03 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 1.15 and a beta of 2.49. Alibaba Group Holding Ltd has a twelve month low of $164.10 and a twelve month high of $211.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.89.

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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