Alibaba Group Holding Limited (BABA) Shares Bought by ING Groep NV

ING Groep NV increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 34.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,813 shares of the company’s stock after buying an additional 13,200 shares during the period. ING Groep NV’s holdings in Alibaba Group Holding Limited were worth $4,525,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd boosted its position in Alibaba Group Holding Limited by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock worth $4,300,696,000 after buying an additional 6,526,596 shares during the last quarter. Baillie Gifford & Co. boosted its position in Alibaba Group Holding Limited by 7.5% in the second quarter. Baillie Gifford & Co. now owns 45,856,303 shares of the company’s stock worth $3,646,951,000 after buying an additional 3,192,797 shares during the last quarter. Capital Research Global Investors boosted its position in Alibaba Group Holding Limited by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the company’s stock worth $4,100,353,000 after buying an additional 2,637,869 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Alibaba Group Holding Limited by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the company’s stock worth $3,298,502,000 after buying an additional 15,751,926 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Alibaba Group Holding Limited by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock worth $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

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

Alibaba Group Holding Limited (NYSE:BABA) opened at 101.59 on Wednesday. The company has a market cap of $252.45 billion, a price-to-earnings ratio of 46.62 and a beta of 2.73. The stock’s 50 day moving average price is $97.41 and its 200-day moving average price is $97.24. Alibaba Group Holding Limited has a 52 week low of $64.66 and a 52 week high of $109.87.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Tuesday, January 24th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.17. The business earned $7.70 billion during the quarter, compared to the consensus estimate of $7.32 billion. Alibaba Group Holding Limited had a return on equity of 14.88% and a net margin of 26.56%. During the same quarter in the previous year, the business earned $0.99 EPS. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $3.49 earnings per share for the current fiscal year.

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BABA has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on Alibaba Group Holding Limited in a research note on Thursday, December 8th. They issued an “overweight” rating and a $130.00 target price for the company. Vetr raised Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $106.95 target price for the company in a research note on Monday, January 9th. Robert W. Baird boosted their target price on Alibaba Group Holding Limited to $116.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. Sanford C. Bernstein started coverage on Alibaba Group Holding Limited in a research report on Wednesday, January 11th. They set an “outperform” rating and a $117.00 price objective for the company. Finally, Brean Capital reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Alibaba Group Holding Limited in a research report on Tuesday, January 24th. Three investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the stock. Alibaba Group Holding Limited presently has an average rating of “Buy” and an average price target of $120.05.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

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