Boussard & Gavaudan Investment Management LLP Raises Stake in Alibaba Group Holding Limited (BABA)

Boussard & Gavaudan Investment Management LLP increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 25.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,457,107 shares of the specialty retailer’s stock after buying an additional 1,729,857 shares during the period. Alibaba Group Holding Limited makes up 81.9% of Boussard & Gavaudan Investment Management LLP’s investment portfolio, making the stock its largest position. Boussard & Gavaudan Investment Management LLP owned 0.33% of Alibaba Group Holding Limited worth $1,143,064,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BABA. FNY Managed Accounts LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter valued at $107,000. Webster Bank N. A. increased its stake in shares of Alibaba Group Holding Limited by 25.0% in the first quarter. Webster Bank N. A. now owns 1,175 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 235 shares during the period. WFG Advisors LP increased its stake in shares of Alibaba Group Holding Limited by 5.3% in the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the period. West Oak Capital LLC increased its stake in shares of Alibaba Group Holding Limited by 81.0% in the second quarter. West Oak Capital LLC now owns 950 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 425 shares during the period. Finally, Thompson Davis & CO. Inc. increased its stake in shares of Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 125 shares during the period. Institutional investors own 36.24% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at 152.11 on Friday. The company has a 50-day moving average price of $140.71 and a 200 day moving average price of $116.01. Alibaba Group Holding Limited has a 1-year low of $81.94 and a 1-year high of $156.41. The stock has a market capitalization of $384.84 billion, a P/E ratio of 60.84 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post $4.56 EPS for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has approved a stock buyback program on Thursday, May 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This article was first posted by [[site]] and is the property of of [[site]]. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at [[permalink]].

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Thursday, June 15th. Royal Bank Of Canada restated a “buy” rating and set a $120.00 price target on shares of Alibaba Group Holding Limited in a report on Tuesday, May 16th. Barclays PLC upped their price target on Alibaba Group Holding Limited from $130.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, May 10th. Bank of America Corporation restated a “buy” rating and set a $161.00 price target (up previously from $144.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $160.00 price objective (up from $122.00) on shares of Alibaba Group Holding Limited in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has an average rating of “Buy” and a consensus price target of $140.69.

Alibaba Group Holding Limited Company Profile

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.

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).