Parnassus Investments CA Has $539,000 Position in Alibaba Group Holding Ltd (BABA)

Parnassus Investments CA continued to hold its stake in Alibaba Group Holding Ltd (NYSE:BABA) during the first quarter, according to its most recent filing with the SEC. The fund owned 5,000 shares of the specialty retailer’s stock at the end of the first quarter. Parnassus Investments CA’s holdings in Alibaba Group Holding were worth $539,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its stake in shares of Alibaba Group Holding by 5.5% in the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the specialty retailer’s stock worth $4,275,990,000 after buying an additional 2,543,693 shares during the last quarter. Capital Research Global Investors increased its position in Alibaba Group Holding by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the specialty retailer’s stock worth $4,100,353,000 after buying an additional 2,637,869 shares during the period. Price T Rowe Associates Inc. MD increased its position in Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the specialty retailer’s stock worth $3,298,502,000 after buying an additional 15,751,926 shares during the period. Jennison Associates LLC increased its position in Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the specialty retailer’s stock worth $2,382,071,000 after buying an additional 5,496,854 shares during the period. Finally, Schroder Investment Management Group increased its position in Alibaba Group Holding by 13.2% in the third quarter. Schroder Investment Management Group now owns 22,140,881 shares of the specialty retailer’s stock worth $2,342,284,000 after buying an additional 2,590,397 shares during the period. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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

Shares of Alibaba Group Holding Ltd (NYSE:BABA) traded up 1.72% during trading on Friday, reaching $123.36. 20,188,326 shares of the company’s stock traded hands. The company has a 50 day moving average price of $114.39 and a 200 day moving average price of $102.00. The stock has a market capitalization of $306.55 billion, a PE ratio of 56.80 and a beta of 2.73. Alibaba Group Holding Ltd has a 1-year low of $73.30 and a 1-year high of $126.40.

Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. During the same quarter last year, the company earned $0.47 EPS. On average, equities analysts forecast that Alibaba Group Holding Ltd will post $4.25 EPS for the current fiscal year.

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A number of research analysts have commented on the stock. Barclays PLC raised their target price on shares of Alibaba Group Holding from $132.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday. Goldman Sachs Group Inc reaffirmed a “conviction-buy” rating and issued a $142.00 price objective on shares of Alibaba Group Holding in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $139.00 target price (up previously from $120.00) on shares of Alibaba Group Holding in a research report on Friday. Robert W. Baird restated an “outperform” rating and set a $135.00 price objective (up from $116.00) on shares of Alibaba Group Holding in a research note on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $135.00 price objective (up from $120.00) on shares of Alibaba Group Holding in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group Holding has a consensus rating of “Buy” and an average target price of $127.88.

Alibaba Group Holding Company 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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