Nicholas Investment Partners LP Has $3.39 Million Position in Alibaba Group Holding Limited (BABA)

Nicholas Investment Partners LP lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,041 shares of the specialty retailer’s stock after acquiring an additional 4,871 shares during the period. Nicholas Investment Partners LP’s holdings in Alibaba Group Holding Limited were worth $3,388,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BABA. BlackRock Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 2,538.7% in the 1st quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock valued at $6,145,123,000 after acquiring an additional 54,829,289 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Alibaba Group Holding Limited by 87.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock valued at $1,453,929,000 after acquiring an additional 4,813,431 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Alibaba Group Holding Limited by 69.2% in the 1st quarter. William Blair Investment Management LLC now owns 7,603,566 shares of the specialty retailer’s stock valued at $819,893,000 after acquiring an additional 3,110,026 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at about $406,415,000. Finally, OppenheimerFunds Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 10.4% in the 1st quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock valued at $2,332,996,000 after acquiring an additional 2,030,747 shares during the last quarter. 37.38% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Holding Limited (NYSE BABA) traded down 0.88% during midday trading on Wednesday, hitting $178.48. 3,612,908 shares of the stock traded hands. The company has a 50-day moving average price of $166.56 and a 200 day moving average price of $135.68. The stock has a market cap of $453.87 billion, a price-to-earnings ratio of 59.91 and a beta of 2.62. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $180.87.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 28.77% and a return on equity of 16.85%. The business had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the prior year, the business posted $0.74 EPS. Equities research analysts anticipate that Alibaba Group Holding Limited will post $5.02 earnings per share for the current year.

BABA has been the topic of a number of recent analyst reports. Vetr lowered shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $178.60 price objective on the stock. in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. increased their price objective on shares of Alibaba Group Holding Limited from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. MKM Partners increased their price objective on shares of Alibaba Group Holding Limited from $177.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $190.00 price objective (up from $165.00) on shares of Alibaba Group Holding Limited in a research report on Friday, August 25th. Finally, Deutsche Bank AG reduced their price objective on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $169.20.

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Alibaba Group Holding Limited 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.

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

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