Alibaba Group Holding Limited (BABA) Position Raised by Axa

Axa boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 8.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 802,486 shares of the specialty retailer’s stock after purchasing an additional 64,589 shares during the quarter. Alibaba Group comprises about 0.6% of Axa’s investment portfolio, making the stock its 28th largest holding. Axa’s holdings in Alibaba Group were worth $138,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Alibaba Group by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares in the last quarter. Third Point LLC bought a new stake in shares of Alibaba Group in the second quarter worth about $634,050,000. Hillhouse Capital Management Ltd. increased its holdings in shares of Alibaba Group by 38,449.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after acquiring an additional 3,561,187 shares in the last quarter. Boussard & Gavaudan Investment Management LLP increased its holdings in shares of Alibaba Group by 37.1% in the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in shares of Alibaba Group in the third quarter worth about $507,041,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

BABA has been the subject of several recent analyst reports. Bank of America increased their price target on Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Stifel Nicolaus increased their price target on Alibaba Group from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Goldman Sachs Group restated a “buy” rating and issued a $208.00 price target (up from $200.00) on shares of Alibaba Group in a report on Sunday, August 20th. Needham & Company LLC increased their price target on Alibaba Group from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, UBS increased their price target on Alibaba Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Alibaba Group currently has a consensus rating of “Buy” and an average target price of $185.14.

Alibaba Group Holding Limited (NYSE:BABA) opened at $171.75 on Friday. The firm has a market capitalization of $451,966.84, a P/E ratio of 51.30, a PEG ratio of 1.33 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week 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.

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

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