Light Street Capital Management LLC increased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 170.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,924 shares of the specialty retailer’s stock after buying an additional 258,949 shares during the quarter. Alibaba Group accounts for 5.3% of Light Street Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Light Street Capital Management LLC’s holdings in Alibaba Group were worth $76,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in Alibaba Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock worth $11,708,501,000 after buying an additional 2,077,793 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Alibaba Group by 1.4% in the 1st quarter. Baillie Gifford & Co. now owns 45,331,375 shares of the specialty retailer’s stock valued at $8,320,121,000 after purchasing an additional 615,024 shares during the period. Temasek Holdings Private Ltd lifted its stake in shares of Alibaba Group by 0.3% in the 1st quarter. Temasek Holdings Private Ltd now owns 35,597,989 shares of the specialty retailer’s stock valued at $6,533,655,000 after purchasing an additional 102,700 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Alibaba Group by 8.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after purchasing an additional 1,182,927 shares during the period. Finally, FIL Ltd lifted its stake in shares of Alibaba Group by 8.1% in the 1st quarter. FIL Ltd now owns 14,057,320 shares of the specialty retailer’s stock valued at $2,580,080,000 after purchasing an additional 1,050,234 shares during the period. Hedge funds and other institutional investors own 38.65% of the company’s stock.

NYSE:BABA traded down $0.79 during midday trading on Friday, hitting $164.74. The stock had a trading volume of 23,408,016 shares, compared to its average volume of 26,617,404. Alibaba Group Holding Ltd has a one year low of $152.85 and a one year high of $211.70. The stock has a market cap of $413.52 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 1.15 and a beta of 2.40. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). The firm had revenue of $12.23 billion during the quarter, compared to the consensus estimate of $12.25 billion. Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. sell-side analysts anticipate that Alibaba Group Holding Ltd will post 4.07 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. ValuEngine cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Wells Fargo & Co reissued a “buy” rating on shares of Alibaba Group in a report on Wednesday, July 11th. Susquehanna Bancshares reissued a “positive” rating and issued a $305.00 target price on shares of Alibaba Group in a report on Monday, July 9th. Finally, Argus began coverage on Alibaba Group in a report on Monday, June 25th. They issued a “buy” rating and a $275.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and an average price target of $228.60.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Recommended Story: Stop Order

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.