USS Investment Management Ltd Has $344.47 Million Holdings in Alibaba Group Holding Ltd (BABA)

USS Investment Management Ltd cut its position in Alibaba Group Holding Ltd (NYSE:BABA) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,928,900 shares of the specialty retailer’s stock after selling 198,000 shares during the period. Alibaba Group comprises about 3.8% of USS Investment Management Ltd’s portfolio, making the stock its largest position. USS Investment Management Ltd owned approximately 0.08% of Alibaba Group worth $344,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BABA. BlackRock Inc. raised its holdings in 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. Amundi Pioneer Asset Management Inc. raised its holdings in Alibaba Group by 8,940.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock worth $513,724,000 after purchasing an additional 2,946,365 shares during the period. Barings LLC raised its holdings in Alibaba Group by 7,117.7% in the fourth quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer’s stock worth $264,840,000 after purchasing an additional 1,514,648 shares during the period. OppenheimerFunds Inc. raised its holdings in Alibaba Group by 7.5% in the fourth quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock worth $2,768,502,000 after purchasing an additional 1,122,712 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP raised its holdings in Alibaba Group by 8.3% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock worth $2,163,750,000 after purchasing an additional 964,361 shares during the period. Institutional investors own 37.80% of the company’s stock.

A number of equities research analysts recently commented on BABA shares. SunTrust Banks raised their price objective on shares of Alibaba Group to $235.00 and gave the stock a “buy” rating in a report on Monday, May 7th. ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Barclays set a $220.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Thursday, April 5th. Morgan Stanley set a $250.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, KeyCorp raised their price objective on shares of Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $216.64.

Shares of Alibaba Group opened at $197.98 on Tuesday, according to Marketbeat.com. Alibaba Group Holding Ltd has a one year low of $121.95 and a one year high of $206.20. The stock has a market capitalization of $499.43 billion, a PE ratio of 49.13, a PEG ratio of 1.21 and a beta of 2.52. The company has a quick ratio of 1.97, a current ratio of 1.89 and a debt-to-equity ratio of 0.27.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. The firm had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.36 billion. During the same period last year, the business earned $0.63 EPS. research analysts forecast that Alibaba Group Holding Ltd will post 5.38 earnings per share for the current fiscal year.

Alibaba Group Company 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.

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

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