Temasek Holdings Private Ltd Buys 1,045,789 Shares of Alibaba Group Holding Limited $BABA

Key Points

• Temasek Holdings Private Ltd increased its stake in Alibaba Group by 23.4% in Q1, acquiring an additional 1,045,789 shares, which now makes up about 2.9% of their total holdings.
• Multiple analysts have raised their price targets for Alibaba, with recent estimates ranging from $152.00 to $195.00 and a consensus rating of "Buy."
• Alibaba's stock is currently valued at approximately $135.49 and has a market capitalization of $323.03 billion.

Temasek Holdings Private Ltd lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 23.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,510,348 shares of the specialty retailer's stock after purchasing an additional 1,045,789 shares during the period. Alibaba Group comprises 2.9% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 10th biggest position. Temasek Holdings Private Ltd owned about 0.23% of Alibaba Group worth $728,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Alibaba Group during the first quarter worth about $26,000. Summit Securities Group LLC boosted its position in Alibaba Group by 100.3% during 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 last quarter. Hazlett Burt & Watson Inc. boosted its position in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Alibaba Group during the first quarter worth about $31,000. Finally, Inlight Wealth Management LLC acquired a new position in Alibaba Group during the first quarter worth about $31,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 4.1%

NYSE:BABA traded up $5.53 on Monday, hitting $141.11. The stock had a trading volume of 19,943,108 shares, compared to its average volume of 17,478,944. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market cap of $336.43 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.89 and a beta of 0.11. The company has a fifty day moving average price of $120.14 and a two-hundred day moving average price of $121.97. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $148.43.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BABA shares. Barclays restated an "overweight" rating on shares of Alibaba Group in a research report on Monday. Citigroup boosted their price target 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. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. 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. Finally, Arete upgraded shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 price target on the stock in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $163.53.

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.