601,142 Shares in Alibaba Group Holding Limited $BABA Acquired by Greenwoods Asset Management Hong Kong Ltd.

Key Points

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Greenwoods Asset Management Hong Kong Ltd. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 601,142 shares of the specialty retailer's stock, valued at approximately $79,489,000. Alibaba Group accounts for 2.5% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Alibaba Group by 52.1% during the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock worth $303,215,000 after acquiring an additional 785,494 shares in the last quarter. WCM Investment Management LLC acquired a new position in Alibaba Group during the 1st quarter worth about $4,074,000. KMG Fiduciary Partners LLC acquired a new position in Alibaba Group during the 1st quarter worth about $1,948,000. Avaii Wealth Management LLC acquired a new position in Alibaba Group during the 1st quarter worth about $563,000. Finally, Fiduciary Alliance LLC lifted its stake in Alibaba Group by 18.3% during the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after acquiring an additional 18,230 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BABA. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Barclays reduced their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $159.67.

Alibaba Group Stock Up 4.0%

Shares of BABA traded up $4.7630 during mid-day trading on Friday, reaching $122.8530. The company's stock had a trading volume of 13,809,464 shares, compared to its average volume of 10,840,921. Alibaba Group Holding Limited has a 12-month low of $79.21 and a 12-month high of $148.43. The stock has a market cap of $292.98 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.74 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company's 50 day moving average is $116.41 and its 200 day moving average is $121.01.

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.