Alibaba Group Holding Limited (BABA) Stake Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 818,498 shares of the specialty retailer’s stock after selling 9,424 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Alibaba Group Holding Limited were worth $141,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position 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 buying an additional 54,829,289 shares in the last quarter. Capital Research Global Investors increased its position in Alibaba Group Holding Limited by 2.2% during the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after buying an additional 738,281 shares in the last quarter. FMR LLC increased its position in Alibaba Group Holding Limited by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares in the last quarter. Jennison Associates LLC increased its position in Alibaba Group Holding Limited by 3.3% during the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after buying an additional 661,109 shares in the last quarter. Finally, Capital World Investors increased its position in Alibaba Group Holding Limited by 5.7% during the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after buying an additional 1,091,620 shares in the last quarter. 37.45% of the stock is owned by hedge funds and other institutional investors.

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BABA has been the subject of several recent research reports. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 price target for the company in a research report on Wednesday, September 6th. SunTrust Banks, Inc. restated a “buy” rating and set a $205.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday, October 20th. Barclays PLC raised their price objective on Alibaba Group Holding Limited to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Finally, Deutsche Bank AG decreased their price objective on Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $184.20.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $186.41 on Friday. The firm has a market capitalization of $477,424.75, a P/E ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.61. 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 has a 52-week low of $86.01 and a 52-week high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate 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 posted $0.74 earnings per share. equities analysts predict that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal 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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