Private Wealth Partners LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,519 shares of the specialty retailer’s stock, valued at approximately $505,000.
A number of other large investors also recently added to or reduced their stakes in BABA. Sanders Capital LLC raised its position in Alibaba Group by 322.7% during the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Alibaba Group by 461.2% in the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after buying an additional 3,464,723 shares during the last quarter. Blue Pool Management Ltd. acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $151,726,000. Morgan Stanley raised its position in shares of Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Alibaba Group by 65.6% in the third quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after buying an additional 1,389,233 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.
Alibaba Group Trading Up 0.6 %
BABA stock traded up $0.44 during mid-day trading on Friday, hitting $75.55. 14,216,073 shares of the company were exchanged, compared to its average volume of 13,622,653. The business has a fifty day simple moving average of $73.19 and a 200-day simple moving average of $75.42. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The firm has a market capitalization of $191.71 billion, a P/E ratio of 13.94 and a beta of 0.46.
Analyst Ratings Changes
A number of brokerages have recently commented on BABA. The Goldman Sachs Group reduced their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Robert W. Baird reduced their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.91.
Get Our Latest Stock Analysis on Alibaba Group
Alibaba Group 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.
See Also
- Five stocks we like better than Alibaba Group
- Investing In Automotive Stocks
- MarketBeat Week in Review – 4/22 – 4/26
- Airline Stocks – Top Airline Stocks to Buy Now
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Are Dividend Contenders? Investing in Dividend Contenders
- How to Use Put Debit Spreads to Profit From Falling Stocks
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA – Free Report).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.