USS Investment Management Ltd Purchases 4,500 Shares of Alibaba Group Holding Ltd

جمعه 18 آبان 1397
10:43
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USS Investment Management Ltd grew its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,063,900 shares of the specialty retailer’s stock after buying an additional 4,500 shares during the quarter. Alibaba Group, who operating the biggest free dropshipping wholesalers, accounts for about 3.4% of USS Investment Management Ltd’s portfolio, making the stock its 4th largest holding. USS Investment Management Ltd owned about 0.08% of Alibaba Group worth $339,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hillhouse Capital Management Ltd. grew its position in shares of Alibaba Group by 318.7% in the second quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock valued at $1,207,511,000 after purchasing an additional 4,954,118 shares in the last quarter. Bank of America Corp DE grew its position in shares of Alibaba Group by 32.9% in the second quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock valued at $1,968,114,000 after purchasing an additional 2,626,882 shares in the last quarter. BlackRock Inc. grew its position in shares of Alibaba Group by 3.4% in the second quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after purchasing an additional 2,077,793 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Alibaba Group by 20,210.4% in the second quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock valued at $8,224,000 after purchasing an additional 1,525,075 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Alibaba Group by 8.4% in the second quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock valued at $2,963,007,000 after purchasing an additional 1,235,562 shares in the last quarter. 38.76% of the stock is owned by institutional investors and hedge funds.

BABA has been the subject of several analyst reports. MKM Partners lowered their price objective on Alibaba Group to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. Zacks Investment Researchupgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. HSBC initiated coverage on Alibaba Group in a research report on Wednesday, September 12th. They issued a “buy” rating for the company. Deutsche Bank set a $189.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Finally, Goldman Sachs Group increased their price objective on Alibaba Group from $241.00 to $247.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $216.02.

Shares of NYSE BABA opened at $150.32 on Thursday. The firm has a market capitalization of $377.62 billion, a PE ratio of 37.30, a P/E/G ratio of 1.15 and a beta of 2.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.42. Alibaba Group Holding Ltd has a 12-month low of $130.06 and a 12-month high of $211.70.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.19. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 3.72 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 sites like aliexpress, in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.


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