Trading Report: Today, Trilogy Global Advisors LP Boosts Position in Alibaba Group Holding Ltd. (BABA)

Today, Trilogy Global Advisors LP Boosts Position in Alibaba Group Holding Ltd. (BABA)

Trilogy Global Advisors LP raised its stake in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 5.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,995,262 shares of the company’s stock after buying an additional 108,191 shares during the period. Alibaba Group Holding accounts for 7.0% of Trilogy Global Advisors LP’s portfolio, making the stock its 2nd largest position. Trilogy Global Advisors LP owned approximately 0.08% of Alibaba Group Holding worth $211,079,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. boosted its position in shares of Alibaba Group Holding by 154.1% in the third quarter. Sei Investments Co. now owns 1,547,594 shares of the company’s stock valued at $163,720,000 after buying an additional 938,661 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Alibaba Group Holding by 41.1% in the third quarter. UBS Asset Management Americas Inc. now owns 9,491,080 shares of the company’s stock valued at $1,004,061,000 after buying an additional 2,766,934 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its position in shares of Alibaba Group Holding by 61.1% in the third quarter. Adell Harriman & Carpenter Inc. now owns 34,070 shares of the company’s stock valued at $3,604,000 after buying an additional 12,925 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Alibaba Group Holding by 16.0% in the third quarter. Daiwa Securities Group Inc. now owns 238,262 shares of the company’s stock valued at $25,146,000 after buying an additional 32,949 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Alibaba Group Holding by 20.0% in the third quarter. Teacher Retirement System of Texas now owns 708,539 shares of the company’s stock valued at $74,956,000 after buying an additional 118,112 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors.

Alibaba Group Holding Ltd. (NYSE:BABA) opened at 93.0201 on Friday. The stock has a 50 day moving average price of $99.88 and a 200 day moving average price of $90.77. The company has a market capitalization of $230.50 billion, a price-to-earnings ratio of 48.9322 and a beta of 2.93. Alibaba Group Holding Ltd. has a 52-week low of $59.25 and a 52-week high of $109.87.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.10. The company earned $5.14 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. During the same quarter last year, the firm earned $0.57 earnings per share. On average, equities analysts expect that Alibaba Group Holding Ltd. will post $3.28 earnings per share for the current year.

BABA has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Alibaba Group Holding from $96.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Alibaba Group Holding in a research note on Thursday, August 11th. MKM Partners reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Alibaba Group Holding in a research note on Tuesday, September 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $109.00 price objective (down previously from $115.00) on shares of Alibaba Group Holding in a research note on Wednesday, August 24th. Finally, Zacks Investment Research downgraded Alibaba Group Holding from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 13th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $117.01.

Alibaba Group Holding Company Profile

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