Primavera Capital Management Ltd lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,729,848 shares of the specialty retailer’s stock after selling 800,000 shares during the quarter. Alibaba Group Holding Limited comprises approximately 47.1% of Primavera Capital Management Ltd’s investment portfolio, making the stock its 2nd largest holding. Primavera Capital Management Ltd owned 0.31% of Alibaba Group Holding Limited worth $1,089,136,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BABA. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Alibaba Group Holding Limited by 0.9% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,563 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 23 shares during the last quarter. Ronald Blue & Co. LLC lifted its holdings in shares of Alibaba Group Holding Limited by 0.7% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 25 shares during the period. Cornerstone Advisors Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 1.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after buying an additional 30 shares during the period. Comerica Securities Inc. lifted its holdings in shares of Alibaba Group Holding Limited by 1.9% in the 1st quarter. Comerica Securities Inc. now owns 2,527 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 47 shares during the period. Finally, Mosaic Family Wealth LLC lifted its holdings in shares of Alibaba Group Holding Limited by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 52 shares during the period. Institutional investors own 37.39% of the company’s stock.

A number of brokerages have recently commented on BABA. Needham & Company LLC raised their target price on Alibaba Group Holding Limited from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, June 8th. Jefferies Group LLC reiterated a “buy” rating and set a $160.00 price target (up from $122.00) on shares of Alibaba Group Holding Limited in a research report on Monday, June 12th. Benchmark Co. boosted their price target on Alibaba Group Holding Limited from $140.00 to $175.00 and gave the company a “buy” rating in a report on Monday, June 12th. HSBC Holdings plc reissued a “buy” rating and issued a $162.00 price target (up from $145.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $161.00 price target (up from $144.00) on shares of Alibaba Group Holding Limited in a report on Sunday, June 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-four have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $175.55.

Alibaba Group Holding Limited (NYSE BABA) traded up 0.44% on Wednesday, reaching $179.34. 5,965,730 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $172.02 and a 200-day moving average price of $140.73. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $180.87. The company has a market capitalization of $456.06 billion, a PE ratio of 59.52 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $4.95 earnings per share for the current year.

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About Alibaba Group Holding Limited

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 Holding Limited (NYSE:BABA)

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