GKV Capital Management Co. Inc. Acquires New Stake in Alibaba Group Holding Limited $BABA

Key Points

• GKV Capital Management Co. Inc. invested approximately $529,000 in Alibaba Group Holding Limited by acquiring 4,000 shares in the first quarter.
• Several institutional investors, including Accent Capital Management LLC and Greenleaf Trust, have increased their holdings in Alibaba, indicating growing institutional interest in the stock.
• Alibaba's stock has experienced fluctuations, with a current market capitalization of $285.36 billion and a price-to-earnings ratio of 16.06, while analysts have varying price targets reflecting a moderate buy sentiment.

GKV Capital Management Co. Inc. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,000 shares of the specialty retailer's stock, valued at approximately $529,000.

A number of other hedge funds also recently made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $11,007,000. Lansdowne Partners UK LLP acquired a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $391,000. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Alibaba Group by 67.9% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 5,717 shares of the specialty retailer's stock valued at $756,000 after purchasing an additional 2,312 shares in the last quarter. Beck Bode LLC acquired a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $8,068,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $1,398,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. Jefferies Financial Group set a $165.00 price target on shares of Alibaba Group and gave the company a "buy" rating in a research note on Friday. Bank of America raised their price objective on shares of Alibaba Group from $135.00 to $152.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup raised their price objective on shares of Alibaba Group from $148.00 to $187.00 and gave the company a "buy" rating in a report on Tuesday. Barclays dropped their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, July 15th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a report on Friday, May 16th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $164.62.

Alibaba Group Stock Up 1.6%

Alibaba Group stock traded up $2.14 during trading on Tuesday, hitting $137.14. 26,061,779 shares of the company were exchanged, compared to its average volume of 21,192,365. The business's 50 day moving average is $117.95 and its 200 day moving average is $121.80. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $148.43. The company has a market capitalization of $326.97 billion, a P/E ratio of 15.92, a PEG ratio of 1.99 and a beta of 0.11.

About Alibaba Group

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.