Alibaba Group Hldg LTD (BABA) Shareholder Hillhouse Capital Management LTD Has Increased Stake

November 7, 2017 - By Migdalia James

Lei Zhang increased its stake in Alibaba Group Hldg Ltd (BABA) by 38449.44% based on its latest 2017Q2 regulatory filing with the SEC. Hillhouse Capital Management Ltd bought 3.56M shares as the company’s stock rose 22.58% with the market. The hedge fund run by Lei Zhang held 3.57 million shares of the business services company at the end of 2017Q2, valued at $503.08 million, up from 9,262 at the end of the previous reported quarter. Hillhouse Capital Management Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $481.39 billion market cap company. The stock rose 0.03% or $0.06 reaching $187.96 per share. About 12.86 million shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since November 7, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Investorplace.com which released: “Tuesday’s Vital Data: Alibaba Group Holding Ltd (BABA), Teva Pharmaceutical …” on November 07, 2017, also Investorplace.com with their article: “What to Expect From Alibaba Group Holding Ltd Stock Earnings” published on November 02, 2017, Bloomberg.com published: “Alibaba, Tencent Pressured to Live Up to $450 Billion Rally” on November 01, 2017. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Seekingalpha.com and their article: “Best ADR Stocks: Alibaba” published on November 03, 2017 as well as Finance.Yahoo.com‘s news article titled: “Alibaba Group Holding Ltd (BABA) Nailed It Again; Top Analyst Reiterates Buy” with publication date: November 02, 2017.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Among 35 analysts covering Alibaba (NYSE:BABA), 33 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba had 151 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, June 8 by Stifel Nicolaus. The rating was maintained by Needham on Thursday, October 20 with “Buy”. The rating was maintained by Axiom Capital on Thursday, August 13 with “Buy”. Standpoint Research initiated Alibaba Group Holding Ltd (NYSE:BABA) on Monday, August 24 with “Buy” rating. The rating was maintained by Citigroup on Friday, August 12 with “Buy”. The firm earned “Buy” rating on Friday, November 3 by Needham. The rating was maintained by Morgan Stanley on Wednesday, October 28 with “Overweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 18. The stock has “Overweight” rating by JP Morgan on Saturday, August 22. The stock has “Buy” rating by Robert W. Baird on Thursday, September 21.

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