Todays Report: Today, UBS Asset Management Americas Inc. invests in Alibaba Group Holding Ltd. (BABA) Shares

Today, UBS Asset Management Americas Inc. invests in Alibaba Group Holding Ltd. (BABA) Shares

UBS Asset Management Americas Inc. increased its position in Alibaba Group Holding Ltd. (NYSE:BABA) by 41.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,491,080 shares of the company’s stock after buying an additional 2,766,934 shares during the period. Alibaba Group Holding accounts for approximately 1.1% of UBS Asset Management Americas Inc.’s holdings, making the stock its 8th largest position. UBS Asset Management Americas Inc. owned approximately 0.38% of Alibaba Group Holding worth $1,004,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Primavera Capital Management Ltd acquired a new position in shares of Alibaba Group Holding during the third quarter valued at about $902,372,000. Temasek Holdings Private Ltd boosted its position in shares of Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock valued at $4,300,696,000 after buying an additional 6,526,596 shares during the period. State Street Corp boosted its position in shares of Alibaba Group Holding by 63.9% in the second quarter. State Street Corp now owns 16,141,308 shares of the company’s stock valued at $1,283,715,000 after buying an additional 6,292,030 shares during the period. Jennison Associates LLC boosted its position in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of Alibaba Group Holding by 84.5% in the second quarter. BlackRock Fund Advisors now owns 11,966,477 shares of the company’s stock valued at $951,694,000 after buying an additional 5,481,106 shares during the period. 32.40% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Ltd. (NYSE:BABA) traded down 0.13% on Friday, reaching $92.91. 3,770,538 shares of the company’s stock traded hands. The firm has a market capitalization of $230.23 billion, a P/E ratio of 48.87 and a beta of 2.93. The stock has a 50-day moving average of $99.88 and a 200 day moving average of $90.77. 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 quarterly earnings data on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.29%. During the same quarter last year, the firm posted $0.57 earnings per share. On average, equities analysts expect that Alibaba Group Holding Ltd. will post $3.28 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Jefferies Group set a $119.00 target price on shares of Alibaba Group Holding and gave the stock a “buy” rating in a report on Monday, November 14th. Cantor Fitzgerald restated a “buy” rating on shares of Alibaba Group Holding in a research report on Monday, November 14th. Morgan Stanley restated an “overweight” rating and set a $132.00 price target on shares of Alibaba Group Holding in a research report on Friday, November 11th. MKM Partners restated a “buy” rating and set a $130.00 price target on shares of Alibaba Group Holding in a research report on Friday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Alibaba Group Holding in a research report on Friday, November 11th. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $117.01.

About Alibaba Group Holding

Related posts

Leave a Comment