Parametrica Management Ltd Has $9.73 Million Holdings in Alibaba Group Holding Limited (BABA)

Parametrica Management Ltd boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1,117.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,327 shares of the specialty retailer’s stock after buying an additional 51,700 shares during the quarter. Alibaba Group Holding Limited makes up approximately 4.1% of Parametrica Management Ltd’s holdings, making the stock its 4th largest holding. Parametrica Management Ltd’s holdings in Alibaba Group Holding Limited were worth $9,728,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Ronald Blue & Co. LLC raised its position in shares of Alibaba Group Holding Limited by 0.7% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after acquiring an additional 25 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Alibaba Group Holding Limited by 1.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after buying an additional 30 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Alibaba Group Holding Limited by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 52 shares in the last quarter. Steinberg Global Asset Management increased its position in shares of Alibaba Group Holding Limited by 1.9% in the 2nd quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock valued at $449,000 after buying an additional 59 shares in the last quarter. Finally, Partnervest Advisory Services LLC increased its position in shares of Alibaba Group Holding Limited by 1.8% in the 2nd quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock valued at $514,000 after buying an additional 65 shares in the last quarter. 37.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on BABA. Macquarie upped their price objective on shares of 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 increased their target price on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 18th. SunTrust Banks, Inc. assumed coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price for the company. KeyCorp set a $182.00 target price on Alibaba Group Holding Limited and gave the stock an “overweight” rating in a report on Friday, August 18th. Finally, MKM Partners increased their target price on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. One 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. The company currently has a consensus rating of “Buy” and a consensus target price of $184.20.

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Alibaba Group Holding Limited (NYSE:BABA) opened at $186.41 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $477,424.75, a PE ratio of 54.19, a P/E/G ratio of 1.41 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.

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

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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