British Airways Pensions Investment Management Ltd boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 535,096 shares of the specialty retailer’s stock after buying an additional 51,200 shares during the period. Alibaba Group Holding Limited comprises about 2.2% of British Airways Pensions Investment Management Ltd’s portfolio, making the stock its 4th largest position. British Airways Pensions Investment Management Ltd’s holdings in Alibaba Group Holding Limited were worth $75,352,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of BABA. BlackRock Inc. boosted its stake in shares of Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after buying an additional 54,829,289 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Alibaba Group Holding Limited by 87.4% in the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock worth $1,453,929,000 after buying an additional 4,813,431 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Alibaba Group Holding Limited by 69.2% in the first quarter. William Blair Investment Management LLC now owns 7,603,566 shares of the specialty retailer’s stock worth $819,893,000 after buying an additional 3,110,026 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock worth $2,332,996,000 after buying an additional 2,030,747 shares during the period. Finally, Barings LLC bought a new stake in shares of Alibaba Group Holding Limited during the first quarter worth $214,131,000. Hedge funds and other institutional investors own 36.81% of the company’s stock.
Shares of Alibaba Group Holding Limited (BABA) traded up 2.318% on Friday, reaching $167.719. 25,429,572 shares of the company were exchanged. The stock has a market capitalization of $424.33 billion, a P/E ratio of 66.371 and a beta of 2.64. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $169.50. The stock has a 50 day moving average price of $151.65 and a 200-day moving average price of $124.10. Alibaba Group Holding Limited also saw unusually large options trading activity on Wednesday. Stock investors acquired 85,508 put options on the stock. This is an increase of 228% compared to the typical volume of 26,062 put options.
Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period last year, the business earned $0.74 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post $4.65 EPS for the current fiscal year.
Alibaba Group Holding Limited declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
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A number of equities research analysts have recently commented on BABA shares. Standpoint Research cut shares of Alibaba Group Holding Limited from a “buy” rating to a “reduce” rating in a report on Thursday, April 20th. They noted that the move was a valuation call. Vetr cut shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $131.78 target price for the company. in a report on Tuesday, May 2nd. Needham & Company LLC upped their target price on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Barclays PLC upped their target price on shares of Alibaba Group Holding Limited from $130.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $120.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, two have issued 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 has an average rating of “Buy” and a consensus price target of $153.46.
About Alibaba Group Holding Limited
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.
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