Aberdeen Group plc boosted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 308.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,534 shares of the specialty retailer's stock after purchasing an additional 13,999 shares during the quarter. Aberdeen Group plc's holdings in Alibaba Group were worth $2,102,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC increased its position in Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after acquiring an additional 49,010,087 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Alibaba Group by 43.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $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 increased its holdings in shares of Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock worth $1,131,558,000 after purchasing an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd raised its position in shares of Alibaba Group by 23.4% in the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock valued at $728,633,000 after buying an additional 1,045,789 shares in the last quarter. Institutional investors own 13.47% of the company's stock.
Alibaba Group Stock Performance
NYSE BABA opened at $167.03 on Friday. The firm's fifty day moving average price is $150.98 and its two-hundred day moving average price is $128.65. The stock has a market cap of $398.21 billion, a PE ratio of 19.42, a PEG ratio of 2.21 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Arete Research upgraded Alibaba Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Robert W. Baird increased their target price on Alibaba Group from $153.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Bank of America boosted their price target on Alibaba Group from $168.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Arete upgraded shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. Finally, Erste Group Bank upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $188.06.
Read Our Latest Research Report on BABA
About Alibaba Group
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
