Alibaba Group Holding Limited (NYSE:BABA) is Scion Asset Management LLC's Largest Position

Scion Asset Management LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,000 shares of the specialty retailer's stock after purchasing an additional 30,000 shares during the period. Alibaba Group makes up approximately 21.3% of Scion Asset Management LLC's investment portfolio, making the stock its biggest holding. Scion Asset Management LLC's holdings in Alibaba Group were worth $11,160,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. H&H International Investment LLC increased its position in shares of Alibaba Group by 63.1% during the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer's stock worth $384,390,000 after purchasing an additional 1,918,730 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Alibaba Group by 79.5% in the 2nd quarter. AMF Tjanstepension AB now owns 2,610,884 shares of the specialty retailer's stock valued at $188,197,000 after acquiring an additional 1,156,479 shares during the period. Marshall Wace LLP increased its position in shares of Alibaba Group by 384.2% in the 2nd quarter. Marshall Wace LLP now owns 1,424,944 shares of the specialty retailer's stock valued at $102,596,000 after acquiring an additional 1,130,643 shares during the period. Renaissance Technologies LLC increased its position in shares of Alibaba Group by 523.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,335,600 shares of the specialty retailer's stock valued at $96,163,000 after acquiring an additional 1,121,500 shares during the period. Finally, Primecap Management Co. CA increased its position in shares of Alibaba Group by 5.2% in the 2nd quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer's stock valued at $1,574,711,000 after acquiring an additional 1,074,175 shares during the period. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 10.0 %

BABA opened at $105.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company's 50 day simple moving average is $82.34 and its two-hundred day simple moving average is $78.26. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $105.97. The firm has a market capitalization of $266.54 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 0.46 and a beta of 0.33.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same period last year, the company posted $2.47 EPS. The business's revenue was up 3.9% on a year-over-year basis. Analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

BABA has been the topic of several research reports. Robert W. Baird upped their target price on Alibaba Group from $85.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on Alibaba Group from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Benchmark reissued a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Morgan Stanley reissued an "equal weight" rating and issued a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Finally, Jefferies Financial Group reissued a "buy" rating and set a $116.00 target price on shares of Alibaba Group in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and an average target price of $107.61.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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