Acadian Asset Management LLC Has $186.38 Million Position in Alibaba Group Holding Ltd (BABA)

Acadian Asset Management LLC lessened its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 39.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,080,871 shares of the specialty retailer’s stock after selling 699,434 shares during the period. Alibaba Group comprises approximately 0.8% of Acadian Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. Acadian Asset Management LLC’s holdings in Alibaba Group were worth $186,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC bought a new stake in Alibaba Group in the third quarter valued at approximately $104,000. Lorber David A bought a new stake in Alibaba Group in the third quarter valued at approximately $109,000. San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group in the second quarter valued at approximately $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Alibaba Group by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after buying an additional 200 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Alibaba Group by 22.3% in the second quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 37.99% of the company’s stock.

Several analysts have issued reports on BABA shares. Zacks Investment Research lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. MKM Partners reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research report on Monday, October 2nd. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price on the stock in a research report on Monday, October 16th. BidaskClub raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird upped their target price on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and a consensus price target of $188.22.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) traded up $0.13 during trading hours on Thursday, reaching $183.96. The company had a trading volume of 9,099,642 shares, compared to its average volume of 19,482,928. The firm has a market capitalization of $469,720.00, a P/E ratio of 50.40, a P/E/G ratio of 1.39 and a beta of 2.52. Alibaba Group Holding Ltd has a 1-year low of $95.26 and a 1-year high of $192.49. 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 (NYSE:BABA) last issued its earnings results on Thursday, November 2nd. The specialty retailer reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.18. Alibaba Group had a return on equity of 17.89% and a net margin of 30.87%. sell-side analysts predict that Alibaba Group Holding Ltd will post 4.28 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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