ING Groep NV lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,497 shares of the specialty retailer’s stock after purchasing an additional 2,880 shares during the quarter. ING Groep NV’s holdings in Alibaba Group were worth $11,485,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of BABA. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $104,000. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $102,000. Lee Financial Co increased its stake in shares of Alibaba Group by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 250 shares in the last quarter. Winch Advisory Services LLC increased its stake in shares of Alibaba Group by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $116,000. 38.13% of the stock is owned by hedge funds and other institutional investors.
BABA has been the subject of several research reports. Robert W. Baird boosted their price objective on Alibaba Group from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Goldman Sachs Group restated a “buy” rating and issued a $208.00 price target (up from $200.00) on shares of Alibaba Group in a research report on Sunday, August 20th. Zacks Investment Research lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. MKM Partners restated a “buy” rating and issued a $220.00 price target on shares of Alibaba Group in a research report on Monday, October 2nd. Finally, Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 price target for the company in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $185.14.
Shares of Alibaba Group Holding Limited (BABA) opened at $174.47 on Friday. The firm 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 debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.75.
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Alibaba Group Profile
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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