Anson Funds Management LP bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,000 shares of the specialty retailer's stock, valued at approximately $1,430,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Primecap Management Co. CA raised its stake in Alibaba Group by 0.7% in the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer's stock valued at $2,354,877,000 after buying an additional 140,579 shares during the period. Capital World Investors boosted its stake in shares of Alibaba Group by 1,074.9% during the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer's stock worth $1,079,229,000 after acquiring an additional 5,524,354 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Alibaba Group by 0.5% during the 3rd quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer's stock worth $946,125,000 after acquiring an additional 26,156 shares during the last quarter. Norges Bank bought a new stake in Alibaba Group in the 2nd quarter valued at $527,243,000. Finally, American Century Companies Inc. raised its stake in Alibaba Group by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer's stock valued at $533,964,000 after acquiring an additional 448,484 shares during the period. Institutional investors own 13.47% of the company's stock.
Alibaba Group Stock Up 0.8%
BABA stock opened at $135.25 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $322.90 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.96 and a beta of 0.43. The business's fifty day moving average price is $156.08 and its two-hundred day moving average price is $158.43.
Key Stories Impacting Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Benchmark reaffirmed a "buy" rating and set a $195.00 price objective on shares of Alibaba Group in a research report on Tuesday, November 25th. Weiss Ratings cut shares of Alibaba Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Alibaba Group from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Wednesday, November 26th. Arete Research upgraded shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Wednesday, January 21st. Finally, Rosenblatt Securities set a $195.00 price target on shares of Alibaba Group in a report on Wednesday, November 26th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and an average price target of $195.17.
Get Our Latest Analysis on Alibaba Group
About Alibaba Group
(
Free Report)
Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.
The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.
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