TB Alternative Assets Ltd. Has $18.88 Million Position in Alibaba Group Holding Ltd (NYSE:BABA)

TB Alternative Assets Ltd. lowered its position in Alibaba Group Holding Ltd (NYSE:BABA) by 10.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,222 shares of the specialty retailer’s stock after selling 7,570 shares during the period. Alibaba Group accounts for 2.9% of TB Alternative Assets Ltd.’s portfolio, making the stock its 12th largest holding. TB Alternative Assets Ltd.’s holdings in Alibaba Group were worth $18,880,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BABA. State Street Corp boosted its position in Alibaba Group by 6.7% during the first quarter. State Street Corp now owns 37,975,313 shares of the specialty retailer’s stock worth $7,385,439,000 after purchasing an additional 2,368,050 shares during the period. FMR LLC boosted its position in Alibaba Group by 22.7% during the second quarter. FMR LLC now owns 29,139,029 shares of the specialty retailer’s stock worth $6,285,287,000 after purchasing an additional 5,388,891 shares during the period. Morgan Stanley boosted its position in Alibaba Group by 31.9% during the first quarter. Morgan Stanley now owns 18,356,646 shares of the specialty retailer’s stock worth $3,569,998,000 after purchasing an additional 4,443,526 shares during the period. Canada Pension Plan Investment Board boosted its position in Alibaba Group by 32.0% during the second quarter. Canada Pension Plan Investment Board now owns 16,916,032 shares of the specialty retailer’s stock worth $3,648,788,000 after purchasing an additional 4,102,571 shares during the period. Finally, FIL Ltd boosted its position in Alibaba Group by 0.7% during the second quarter. FIL Ltd now owns 16,427,489 shares of the specialty retailer’s stock worth $3,543,411,000 after purchasing an additional 118,274 shares during the period. Hedge funds and other institutional investors own 46.02% of the company’s stock.

A number of brokerages have issued reports on BABA. Stifel Nicolaus upped their target price on Alibaba Group from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Goldman Sachs Group increased their price objective on Alibaba Group from $315.00 to $350.00 in a research report on Tuesday, October 6th. Needham & Company LLC increased their price objective on Alibaba Group from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Loop Capital increased their price objective on Alibaba Group from $280.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Finally, Argus increased their price objective on Alibaba Group from $260.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $295.09.

NYSE:BABA traded up $7.85 on Friday, reaching $307.31. The stock had a trading volume of 12,346,464 shares, compared to its average volume of 16,826,123. The company has a market capitalization of $831.47 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.14 and a beta of 1.50. Alibaba Group Holding Ltd has a 1-year low of $168.12 and a 1-year high of $310.01. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $283.76 and a 200-day moving average price of $239.24.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 20th. The specialty retailer reported $14.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $13.28. The firm had revenue of $153.75 billion for the quarter, compared to analyst estimates of $147.30 billion. Alibaba Group had a net margin of 31.96% and a return on equity of 14.13%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the previous year, the business earned $12.55 earnings per share. Sell-side analysts predict that Alibaba Group Holding Ltd will post 7.57 earnings per share for the current fiscal year.

Alibaba Group Company 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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