Columbia Partners L L C Investment Management raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,642 shares of the specialty retailer’s stock after buying an additional 1,437 shares during the period. Columbia Partners L L C Investment Management’s holdings in Alibaba Group were worth $5,119,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Eagle Investment Management LLC purchased a new stake in shares of Alibaba Group during the third quarter worth about $104,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the second quarter worth about $102,000. Lee Financial Co boosted its holdings in shares of Alibaba Group by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 250 shares during the period. Winch Advisory Services LLC boosted its holdings in shares of Alibaba Group by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group during the second quarter worth about $116,000. Institutional investors and hedge funds own 38.13% of the company’s stock.
A number of analysts have recently weighed in on BABA shares. Macquarie reiterated a “buy” rating and set a $245.00 target price on shares of Alibaba Group in a report on Monday, October 16th. They noted that the move was a valuation call. Vetr upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $180.41 target price for the company in a report on Monday, August 28th. Stifel Nicolaus increased their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Barclays increased their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $184.15.
Shares of Alibaba Group Holding Limited (NYSE BABA) traded down $5.03 during midday trading on Monday, hitting $169.58. 35,886,557 shares of the company’s stock were exchanged, compared to its average volume of 15,190,847. The company has a market capitalization of $434,320.00, a P/E ratio of 50.76, a price-to-earnings-growth ratio of 1.32 and a beta of 2.52. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.75.
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About Alibaba Group
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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