Mawer Investment Management Ltd. acquired a new position in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,500 shares of the specialty retailer’s stock, valued at approximately $950,000.
Other institutional investors have also bought and sold shares of the company. Shine Investment Advisory Services Inc. purchased a new stake in Alibaba Group during the 2nd quarter worth approximately $102,000. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth approximately $104,000. Lee Financial Co boosted its holdings in shares of Alibaba Group by 45.5% during the 2nd 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 last quarter. Winch Advisory Services LLC boosted its holdings in shares of Alibaba Group by 147.4% during the 2nd 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 last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Alibaba Group during the 2nd quarter worth approximately $116,000. 38.13% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Holding Limited (NYSE:BABA) traded up $1.84 during trading hours on Thursday, reaching $174.47. The company had a trading volume of 15,690,995 shares, compared to its average volume of 15,299,434. The stock has a market capitalization of $432,732.59, a price-to-earnings ratio of 49.12, a PEG ratio of 1.28 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 52-week low of $86.01 and a 52-week high of $191.75.
Several research analysts have recently weighed in on the company. Bank of America boosted their target price on Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Macquarie upped their price objective on Alibaba Group from $171.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 18th. SunTrust Banks began coverage on Alibaba Group in a report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 price objective on the stock. KeyCorp set a $182.00 price objective on Alibaba Group and gave the company an “overweight” rating in a report on Friday, August 18th. Finally, MKM Partners upped their price target on Alibaba Group from $177.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $185.14.
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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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