2,300 Shares in Alibaba Group Holding Limited $BABA Bought by KEYWISE CAPITAL MANAGEMENT HK Ltd

Key Points

• KEYWISE CAPITAL MANAGEMENT HK Ltd acquired **2,300 shares** of Alibaba Group valued at approximately **$304,000**, marking it as their **9th largest holding**.
• **Several institutional investors** significantly increased their stakes in Alibaba Group during the 1st quarter, with Mirae Asset Global Investments boosting its holdings by **3,214.5%**.
• Alibaba's stock is currently **down 4.0%** and is trading at **$131.00**, with brokerages providing a consensus rating of **"Buy"** and a price target of **$163.53**.

KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,300 shares of the specialty retailer's stock, valued at approximately $304,000. Alibaba Group accounts for approximately 0.0% of KEYWISE CAPITAL MANAGEMENT HK Ltd's portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock valued at $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after acquiring an additional 752,275 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Alibaba Group by 3,214.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after purchasing an additional 4,246,564 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Alibaba Group by 55.9% during the 1st quarter. Invesco Ltd. now owns 3,513,012 shares of the specialty retailer's stock worth $464,526,000 after purchasing an additional 1,259,718 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BABA shares. Jefferies Financial Group set a $165.00 price target on shares of Alibaba Group and gave the stock a "buy" rating in a research report on Friday, August 29th. Sanford C. Bernstein reissued an "outperform" rating and set a $160.00 price objective on shares of Alibaba Group in a research note on Saturday, August 30th. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Bank of America lifted their price target on shares of Alibaba Group from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Finally, Citigroup boosted their price objective on shares of Alibaba Group from $148.00 to $187.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat, Alibaba Group has an average rating of "Buy" and a consensus target price of $163.53.

Alibaba Group Price Performance

NYSE BABA traded up $5.53 on Monday, reaching $141.11. 19,865,863 shares of the company's stock traded hands, compared to its average volume of 21,254,148. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $148.43. The stock has a market cap of $336.43 billion, a PE ratio of 16.41, a P/E/G ratio of 1.89 and a beta of 0.11. The stock has a 50-day simple moving average of $119.59 and a 200 day simple moving average of $121.99.

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.