Alibaba Group Holding Ltd (BABA) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lifted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 283,670 shares of the specialty retailer’s stock after purchasing an additional 8,970 shares during the quarter. Alibaba Group comprises approximately 0.7% of Gulf International Bank UK Ltd’s portfolio, making the stock its 28th largest holding. Gulf International Bank UK Ltd’s holdings in Alibaba Group were worth $52,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Alibaba Group by 8.1% in the first quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock worth $11,201,556,000 after purchasing an additional 4,561,249 shares during the period. Baillie Gifford & Co. increased its stake in Alibaba Group by 1.4% in the first quarter. Baillie Gifford & Co. now owns 45,331,375 shares of the specialty retailer’s stock valued at $8,320,121,000 after acquiring an additional 615,024 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in Alibaba Group by 0.3% in the first quarter. Temasek Holdings Private Ltd now owns 35,597,989 shares of the specialty retailer’s stock valued at $6,533,655,000 after acquiring an additional 102,700 shares during the last quarter. FIL Ltd increased its stake in Alibaba Group by 8.1% in the first quarter. FIL Ltd now owns 14,057,320 shares of the specialty retailer’s stock valued at $2,580,080,000 after acquiring an additional 1,050,234 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP increased its stake in Alibaba Group by 2.6% in the first quarter. Boussard & Gavaudan Investment Management LLP now owns 12,890,558 shares of the specialty retailer’s stock valued at $2,335,558,000 after acquiring an additional 327,300 shares during the last quarter. 37.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alibaba Group traded up $1.11, reaching $185.86, during trading on Thursday, Marketbeat Ratings reports. 921,133 shares of the stock were exchanged, compared to its average volume of 18,881,172. The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The firm has a market cap of $473.17 billion, a P/E ratio of 45.99, a P/E/G ratio of 1.12 and a beta of 2.55. Alibaba Group Holding Ltd has a 1 year low of $140.33 and a 1 year high of $211.70.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The firm had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same quarter in the prior year, the company posted $0.63 earnings per share. research analysts forecast that Alibaba Group Holding Ltd will post 5.36 earnings per share for the current fiscal year.

A number of research firms recently commented on BABA. ValuEngine cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co reissued an “outperform” rating and issued a $220.00 target price on shares of Alibaba Group in a research note on Monday, May 7th. KeyCorp increased their target price on Alibaba Group from $219.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, May 7th. Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a research note on Monday, May 7th. Finally, Argus began coverage on Alibaba Group in a research note on Monday, June 25th. They issued a “buy” rating and a $275.00 target price on the stock. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $231.18.

Alibaba Group 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.

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

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