Alibaba Group Holding Limited $BABA Shares Purchased by Polunin Capital Partners Ltd

Key Points

• Polunin Capital Partners Ltd has increased its stake in Alibaba Group Holding Limited by 7.7%, making it the fund's largest holding, with approximately 1.4 million shares owned.
• Alibaba's stock is currently valued at $165.98 and has seen a 2.3% increase recently, with a market cap of nearly $396 billion.
• Multiple brokerages have upgraded Alibaba's stock ratings, with Jefferies Financial Group raising their price target to $178 and Zacks changing their rating from "strong sell" to "hold."

Polunin Capital Partners Ltd grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,426,634 shares of the specialty retailer's stock after purchasing an additional 101,514 shares during the quarter. Alibaba Group makes up about 25.2% of Polunin Capital Partners Ltd's portfolio, making the stock its biggest holding. Polunin Capital Partners Ltd owned approximately 0.06% of Alibaba Group worth $154,062,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. North Ridge Wealth Advisors Inc. purchased a new stake in Alibaba Group in the 1st quarter valued at $26,000. Summit Securities Group LLC grew its position in Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new stake in Alibaba Group during the first quarter worth $26,000. 1248 Management LLC purchased a new stake in Alibaba Group in the first quarter valued at $26,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Alibaba Group by 1,960.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Up 2.3%

BABA stock opened at $165.98 on Thursday. The stock has a market cap of $395.71 billion, a P/E ratio of 19.30, a PEG ratio of 1.99 and a beta of 0.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $167.32. The company's 50 day moving average is $126.68 and its two-hundred day moving average is $123.16.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BABA. Zacks Research raised Alibaba Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 9th. Jefferies Financial Group boosted their price target on shares of Alibaba Group from $165.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Bank of America upped their price objective on shares of Alibaba Group from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Citigroup lifted their target price on shares of Alibaba Group from $148.00 to $187.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, UBS Group restated a "buy" rating and set a $162.00 price target on shares of Alibaba Group in a research note on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $167.40.

Alibaba Group Company 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.

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