Today: Today: Tokio Marine Asset Management Co. Ltd. Invests $207,000 in Alibaba Group Holding Ltd. (BABA)

Today: Tokio Marine Asset Management Co. Ltd. Invests $207,000 in Alibaba Group Holding Ltd. (BABA)

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) during the second quarter, Holdings Channel reports. The firm bought 2,600 shares of the company’s stock, valued at approximately $207,000.

A number of other large investors also recently made changes to their positions in BABA. Value Partners Ltd. ADV raised its stake in Alibaba Group Holding by 2,281.0% in the first quarter. Value Partners Ltd. ADV now owns 150,000 shares of the company’s stock valued at $11,855,000 after buying an additional 143,700 shares during the period. Pictet Asset Management Ltd. raised its stake in Alibaba Group Holding by 16.1% in the first quarter. Pictet Asset Management Ltd. now owns 1,046,338 shares of the company’s stock valued at $71,999,000 after buying an additional 145,329 shares during the period. UBS Asset Management Americas Inc. raised its stake in Alibaba Group Holding by 193.7% in the first quarter. UBS Asset Management Americas Inc. now owns 5,060,947 shares of the company’s stock valued at $399,967,000 after buying an additional 3,337,825 shares during the period. Primecap Management Co. CA raised its stake in Alibaba Group Holding by 15.8% in the first quarter. Primecap Management Co. CA now owns 15,674,905 shares of the company’s stock valued at $1,238,788,000 after buying an additional 2,133,100 shares during the period. Finally, Scotia Capital Inc. raised its stake in Alibaba Group Holding by 127.8% in the first quarter. Scotia Capital Inc. now owns 23,694 shares of the company’s stock valued at $1,874,000 after buying an additional 108,979 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

Alibaba Group Holding Ltd. (NYSE:BABA) traded down 0.29% during trading on Friday, hitting $101.85. The company had a trading volume of 12,789,498 shares. The firm’s 50 day moving average is $103.27 and its 200-day moving average is $86.72. Alibaba Group Holding Ltd. has a 52-week low of $59.25 and a 52-week high of $109.87. The stock has a market capitalization of $251.88 billion, a price-to-earnings ratio of 36.10 and a beta of 2.95.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Thursday, August 11th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.11. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. The firm earned $4.84 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm earned $0.59 EPS. On average, equities analysts forecast that Alibaba Group Holding Ltd. will post $3.29 earnings per share for the current year.

Several equities research analysts have recently commented on the company. RBC Capital Markets restated an “outperform” rating and issued a $105.00 price objective on shares of Alibaba Group Holding in a research note on Thursday, August 11th. Zacks Investment Research raised shares of Alibaba Group Holding from a “hold” rating to a “strong-buy” rating and set a $117.00 target price for the company in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating on shares of Alibaba Group Holding in a report on Monday, June 27th. Raymond James Financial Inc. raised shares of Alibaba Group Holding from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $95.00 to $124.00 in a report on Friday, August 12th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $98.00 target price on shares of Alibaba Group Holding in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $112.19.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. 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 (the PRC or China) and internationally.

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