Alibaba Group Holding Limited (BABA) is Hansberger Growth Investors LP’s 4th Largest Position

Hansberger Growth Investors LP cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 23.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,915 shares of the specialty retailer’s stock after selling 13,441 shares during the quarter. Alibaba Group makes up about 10.5% of Hansberger Growth Investors LP’s holdings, making the stock its 4th biggest holding. Hansberger Growth Investors LP’s holdings in Alibaba Group were worth $7,757,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Zions Bancorporation purchased a new stake in Alibaba Group during the 3rd quarter valued at about $670,000. Whale Rock Capital Management LLC boosted its holdings in shares of Alibaba Group by 5.1% during the 3rd quarter. Whale Rock Capital Management LLC now owns 793,542 shares of the specialty retailer’s stock valued at $137,053,000 after acquiring an additional 38,430 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Alibaba Group by 1.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,521,315 shares of the specialty retailer’s stock valued at $780,953,000 after acquiring an additional 74,690 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at about $1,213,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at about $1,230,000. 38.13% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on BABA shares. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $173.25 price target on the stock in a report on Tuesday, August 15th. Stifel Nicolaus raised their price target on shares of Alibaba Group from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 price target on shares of Alibaba Group in a report on Tuesday, August 15th. SunTrust Banks started coverage on shares of Alibaba Group in a report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price target on the stock. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $185.14.

Shares of Alibaba Group Holding Limited (BABA) opened at $177.62 on Monday. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75. The company has a market cap of $454,912.16, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 1.34 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21.

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Alibaba Group 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.

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

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