Meiji Yasuda Asset Management Co Ltd. Has $3,533,000 Stake in Alibaba Group Holding Limited (BABA)

Meiji Yasuda Asset Management Co Ltd. increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 23.2% during the fourth quarter, Holdings Channel reports. The fund owned 40,240 shares of the company’s stock after buying an additional 7,570 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Alibaba Group Holding Limited were worth $3,533,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BABA. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Alibaba Group Holding Limited by 38.9% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 576,900 shares of the company’s stock worth $45,881,000 after buying an additional 161,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Alibaba Group Holding Limited by 76.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,605,993 shares of the company’s stock worth $207,255,000 after buying an additional 1,130,509 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Alibaba Group Holding Limited by 1.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 767,361 shares of the company’s stock worth $61,028,000 after buying an additional 8,235 shares during the period. DSAM Partners London Ltd acquired a new position in Alibaba Group Holding Limited during the third quarter worth $2,327,000. Finally, Trinity Street Asset Management LLP acquired a new position in Alibaba Group Holding Limited during the third quarter worth $67,350,000. Institutional investors and hedge funds own 34.99% of the company’s stock.

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

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 0.95% on Friday, hitting $102.36. The stock had a trading volume of 7,680,312 shares. The firm has a market cap of $254.36 billion, a price-to-earnings ratio of 46.93 and a beta of 2.73. The stock has a 50 day moving average of $96.79 and a 200 day moving average of $96.76. Alibaba Group Holding Limited has a 12-month low of $64.04 and a 12-month high of $109.87.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.17. Alibaba Group Holding Limited had a return on equity of 14.88% and a net margin of 26.56%. The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. Equities analysts predict that Alibaba Group Holding Limited will post $3.49 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on BABA shares. Brean Capital reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research note on Tuesday, December 6th. Vetr raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $107.50 price objective for the company in a research note on Monday, January 30th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Alibaba Group Holding Limited in a research note on Thursday, December 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $132.00 price objective on shares of Alibaba Group Holding Limited in a research note on Friday, November 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Alibaba Group Holding Limited in a research note on Tuesday, January 24th. Three research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

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