Taikang Asset Management Hong Kong Co Ltd lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 11.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 280,000 shares of the specialty retailer’s stock after buying an additional 29,800 shares during the period. Alibaba Group makes up about 9.8% of Taikang Asset Management Hong Kong Co Ltd’s investment portfolio, making the stock its largest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in Alibaba Group were worth $63,498,000 as of its most recent filing with the Securities & Exchange Commission. Several other large investors have also modified their holdings of BABA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Alibaba Group by 716.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 6,588,588 shares of the specialty retailer’s stock worth $186,678,000 after purchasing an additional 5,781,188 shares during the period. Primecap Management Co. CA increased its holdings in Alibaba Group by 20.8% in the 1st quarter. Primecap Management Co. CA now owns 15,116,716 shares of the specialty retailer’s stock worth $3,427,413,000 after acquiring an additional 2,607,030 shares in the last quarter. FIL Ltd increased its holdings in Alibaba Group by 19.0% in the 1st quarter. FIL Ltd now owns 14,806,014 shares of the specialty retailer’s stock worth $3,356,967,000 after acquiring an additional 2,368,249 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Alibaba Group by 6.5% in the 1st quarter. Baillie Gifford & Co. now owns 26,692,992 shares of the specialty retailer’s stock worth $6,052,102,000 after acquiring an additional 1,623,584 shares in the last quarter. Finally, Generation Investment Management LLP increased its holdings in Alibaba Group by 94.0% in the 1st quarter. Generation Investment Management LLP now owns 2,997,508 shares of the specialty retailer’s stock worth $679,625,000 after acquiring an additional 1,452,645 shares in the last quarter. Hedge funds and other institutional investors own 24.48% of the company’s stock. Several equities research analysts recently issued reports on the stock. KGI Securities assumed coverage on shares of Alibaba Group in a report on Monday, September 6th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating and set a $175.00 target price for the company. in a report on Tuesday, July 13th. Citigroup reduced their target price on shares of Alibaba Group from $306.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 4th. Stifel Nicolaus reissued a “buy” rating and issued a $260.00 target price on shares of Alibaba Group in a report on Wednesday, August 18th. Finally, Susquehanna Bancshares cut their price objective on shares of Alibaba Group from $350.00 to $310.00 and set a “positive” rating for the company in a report on Thursday, August 5th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $299.28. [BABA] traded down $4.26 during trading on Monday, reaching $163.84. The company had a trading volume of 191,832 shares, compared to its average volume of 19,557,514. The stock has a market cap of $445.35 billion, a P/E ratio of 20.50, a PEG ratio of 1.31 and a beta of 0.79. The business has a 50 day simple moving average of $188.89 and a 200-day simple moving average of $212.36. Alibaba Group Holding Limited has a 52 week low of $152.80 and a 52 week high of $319.32. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.12. Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Monday, August 2nd. The specialty retailer reported $16.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $14.86. The company had revenue of $205.74 billion during the quarter, compared to the consensus estimate of $208.67 billion. Alibaba Group had a return on equity of 12.92% and a net margin of 19.25%. Alibaba Group’s revenue was up 33.8% on a year-over-year basis. During the same period last year, the company earned $14.82 earnings per share. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 8.3 EPS for the current fiscal year. About Alibaba Group Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. Read More: How dollar cost averaging works Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA). Receive News & Ratings for Alibaba Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with [MarketBeat.com's FREE daily email newsletter](/daily-email-updates-basic/?symbol=NYSE:BABA&c=Alibaba+Group) .
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