Elephas Investment Management Ltd Has $84.50 Million Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Elephas Investment Management Ltd boosted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 594.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498,694 shares of the specialty retailer’s stock after purchasing an additional 426,844 shares during the quarter. Alibaba Group makes up 51.1% of Elephas Investment Management Ltd’s investment portfolio, making the stock its largest position. Elephas Investment Management Ltd’s holdings in Alibaba Group were worth $84,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BABA. Thoroughbred Financial Services LLC boosted its stake in Alibaba Group by 17,466.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock worth $420,788,000 after purchasing an additional 4,183,930 shares during the period. BlackRock Inc. boosted its stake in Alibaba Group by 5.9% in the 1st quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after purchasing an additional 3,969,960 shares during the period. Investec Asset Management LTD boosted its stake in Alibaba Group by 87.4% in the 1st quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock worth $973,477,000 after purchasing an additional 2,488,530 shares during the period. FMR LLC boosted its stake in Alibaba Group by 11.0% in the 1st quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock worth $3,823,395,000 after purchasing an additional 2,070,115 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in Alibaba Group by 3.6% in the 1st quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after purchasing an additional 1,716,763 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

A number of analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Friday, May 24th. KeyCorp reiterated an “overweight” rating and set a $240.00 price target (up previously from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. TH Capital lifted their price target on Alibaba Group from $180.00 to $220.00 in a research report on Monday, May 13th. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Macquarie set a $226.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $218.18.

Shares of NYSE BABA traded up $3.77 during trading hours on Thursday, reaching $165.83. 28,215,664 shares of the stock traded hands, compared to its average volume of 18,413,942. The stock has a market cap of $405.32 billion, a P/E ratio of 46.19, a P/E/G ratio of 1.43 and a beta of 2.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The business’s 50-day moving average is $169.45.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. Alibaba Group’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period last year, the firm posted $5.73 EPS. Analysts predict that Alibaba Group Holding Ltd will post 5.04 earnings per share for the current year.

Alibaba Group Company Profile

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.

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

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