Korea Investment CORP Has $209.25 Million Position in Alibaba Group Holding Limited (BABA)

Korea Investment CORP lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,211,539 shares of the specialty retailer’s stock after selling 4,000 shares during the quarter. Alibaba Group Holding Limited makes up about 1.0% of Korea Investment CORP’s holdings, making the stock its 13th largest position. Korea Investment CORP’s holdings in Alibaba Group Holding Limited were worth $209,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Alibaba Group Holding Limited by 2,538.7% during the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after acquiring an additional 54,829,289 shares during the period. FMR LLC grew its position in shares of Alibaba Group Holding Limited by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after purchasing an additional 7,544,165 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Alibaba Group Holding Limited by 87.4% in the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock valued at $1,453,929,000 after purchasing an additional 4,813,431 shares in the last quarter. Third Point LLC purchased a new position in shares of Alibaba Group Holding Limited in the second quarter valued at $634,050,000. Finally, Hillhouse Capital Management Ltd. grew its position in shares of Alibaba Group Holding Limited by 38,449.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock valued at $503,076,000 after purchasing an additional 3,561,187 shares in the last quarter. Institutional investors own 37.45% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) opened at $186.41 on Friday. The stock has a market capitalization of $473,851.91, a P/E ratio of 53.78, a P/E/G ratio of 1.40 and a beta of 2.61. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same period in the prior year, the firm earned $0.74 EPS. equities analysts anticipate that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the company. Macquarie lifted their price target on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Bank of America Corporation lifted their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 18th. SunTrust Banks, Inc. started coverage on Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective for the company. KeyCorp set a $182.00 price objective on Alibaba Group Holding Limited and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, MKM Partners lifted their price objective on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and an average price target of $184.20.

Alibaba Group Holding Limited 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 Holding Limited (NYSE:BABA)

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