Alibaba Group Holding Limited $BABA Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Alibaba Group by 4.0%, owning approximately 1.34 million shares valued at $150.9 million as of the latest SEC filing.
• Several institutional investors, including Kingstone Capital Partners and Goldman Sachs, made significant acquisitions, leading to increased total holdings among such investors to 13.47% of Alibaba's stock.
• Analyst ratings for Alibaba have been predominantly positive, with one "Strong Buy" and seventeen "Buy" ratings, indicating strong market support and a consensus price target of $188.06.

Nordea Investment Management AB grew its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,340,818 shares of the specialty retailer's stock after buying an additional 51,670 shares during the quarter. Nordea Investment Management AB owned 0.06% of Alibaba Group worth $150,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 grew its stake in Alibaba Group by 43.0% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alibaba Group by 85.6% during the 1st 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 in the last quarter. Finally, Temasek Holdings Private Ltd grew its stake in Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock worth $728,633,000 after purchasing an additional 1,045,789 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Up 1.2%

Alibaba Group stock opened at $167.03 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $398.21 billion, a P/E ratio of 19.42, a PEG ratio of 2.21 and a beta of 0.18. The stock has a 50-day simple moving average of $150.98 and a 200-day simple moving average of $128.65.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Nomura boosted their target price on Alibaba Group from $170.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Jefferies Financial Group lifted their price target on Alibaba Group from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Mizuho lifted their price target on Alibaba Group from $149.00 to $159.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. Benchmark lifted their price target on Alibaba Group from $176.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Finally, Arete Research raised Alibaba Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus price target of $188.06.

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.

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.