Alibaba Group Holding Limited (BABA) is Joho Capital LLC’s Largest Position

Joho Capital LLC cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 19.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 973,637 shares of the specialty retailer’s stock after selling 229,500 shares during the quarter. Alibaba Group comprises 36.7% of Joho Capital LLC’s holdings, making the stock its biggest position. Joho Capital LLC’s holdings in Alibaba Group were worth $168,157,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BABA. FMR LLC raised its position in shares of Alibaba Group by 42.5% during the 2nd 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. Third Point LLC bought a new stake in shares of Alibaba Group during the 2nd quarter worth about $634,050,000. Hillhouse Capital Management Ltd. raised its position in shares of Alibaba Group by 38,449.4% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after buying an additional 3,561,187 shares in the last quarter. Boussard & Gavaudan Investment Management LLP raised its position in shares of Alibaba Group by 37.1% during the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after buying an additional 3,141,790 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in shares of Alibaba Group during the 3rd quarter worth about $507,041,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

A number of research firms have commented on BABA. Bank of America boosted their price target on shares of Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Macquarie boosted their price target on shares of Alibaba Group from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research report on Monday. SunTrust Banks began coverage on shares of Alibaba Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price target on the stock. Finally, KeyCorp set a $182.00 price target on shares of Alibaba Group and gave the stock an “overweight” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $184.15.

Alibaba Group Holding Limited (NYSE:BABA) opened at $169.58 on Tuesday. The firm has a market cap of $447,203.13, a P/E ratio of 50.76, a PEG ratio of 1.32 and a beta of 2.52. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.75.

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About Alibaba Group

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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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