Jump Financial LLC Makes New $15.55 Million Investment in Alibaba Group Holding Limited $BABA

Key Points

• Jump Financial LLC invested approximately $15.55 million in Alibaba Group Holding Limited by acquiring 117,572 shares in the first quarter.
• Other institutional investors, such as American Century Companies Inc., increased their holdings in Alibaba, reflecting a growing interest from major funds in the company.
• The stock currently has a market capitalization of $292.98 billion, with a consensus rating of "Moderate Buy" and an average target price of $159.67 from analysts.

Jump Financial LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 117,572 shares of the specialty retailer's stock, valued at approximately $15,547,000.

Several other large investors have also recently made changes to their positions in BABA. North Ridge Wealth Advisors Inc. purchased a new position in shares of Alibaba Group during the first quarter worth approximately $26,000. Summit Securities Group LLC raised its stake in shares of 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 in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of 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 in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Alibaba Group during the first quarter worth approximately $31,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Alibaba Group during the first quarter valued at approximately $31,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BABA has been the topic of several recent analyst reports. Barclays cut their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Mizuho cut their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Loop Capital set a $176.00 target price on shares of Alibaba Group in a report on Friday, May 16th. Finally, Benchmark restated a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $159.67.

Alibaba Group Stock Up 1.1%

Shares of BABA traded up $1.41 during trading hours on Monday, hitting $124.35. The company had a trading volume of 12,835,224 shares, compared to its average volume of 11,180,659. Alibaba Group Holding Limited has a 52-week low of $79.21 and a 52-week high of $148.43. The firm has a fifty day moving average price of $116.58 and a 200-day moving average price of $121.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $296.55 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.81 and a beta of 0.17.

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.