Alibaba Group Holding Limited (BABA) is Nomura Asset Management Co. Ltd.’s 3rd Largest Position

Nomura Asset Management Co. Ltd. lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 946,071 shares of the specialty retailer’s stock after selling 11,590 shares during the quarter. Alibaba Group accounts for about 2.1% of Nomura Asset Management Co. Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Nomura Asset Management Co. Ltd.’s holdings in Alibaba Group were worth $163,396,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Alibaba Group by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares during the period. Third Point LLC bought a new stake in shares of Alibaba Group in the second quarter worth $634,050,000. Hillhouse Capital Management Ltd. grew its holdings in shares of Alibaba Group by 38,449.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after acquiring an additional 3,561,187 shares during the period. Boussard & Gavaudan Investment Management LLP grew its holdings in shares of Alibaba Group by 37.1% in the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares during the period. Finally, Egerton Capital UK LLP bought a new stake in shares of Alibaba Group in the third quarter worth $507,041,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Several brokerages recently commented on BABA. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a report on Monday, October 16th. Needham & Company LLC lifted their price objective on Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Oppenheimer reissued an “outperform” rating and set a $190.00 price target (up previously from $165.00) on shares of Alibaba Group in a report on Friday, August 25th. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price target for the company. in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $184.15.

Alibaba Group Holding Limited (NYSE:BABA) opened at $169.58 on Tuesday. The firm has a market capitalization of $447,203.13, a PE ratio of 50.76, a PEG ratio of 1.32 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75.

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About Alibaba Group

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

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