KADENSA CAPITAL Ltd Invests $60.41 Million in Alibaba Group Holding Limited $BABA

Key Points

• KADENSA CAPITAL Ltd has acquired a new stake of 456,864 shares in Alibaba Group, valued at approximately $60.41 million, making it the largest position in its investment portfolio at 7.5%.
• Several institutional investors, including Goldman Sachs and Price T Rowe Associates, have significantly increased their holdings in Alibaba during the first quarter, indicating strong market interest.
• Analyst ratings for Alibaba are generally positive, with a consensus rating of "Buy" and a price target averaging around $163.53, despite a recent stock price decrease of 4.0%.

KADENSA CAPITAL Ltd purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 456,864 shares of the specialty retailer's stock, valued at approximately $60,411,000. Alibaba Group makes up 7.5% of KADENSA CAPITAL Ltd's portfolio, making the stock its biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Alibaba Group by 19.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock valued at $390,885,000 after acquiring an additional 752,275 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after acquiring an additional 4,246,564 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Alibaba Group by 55.9% in the 1st quarter. Invesco Ltd. now owns 3,513,012 shares of the specialty retailer's stock worth $464,526,000 after buying an additional 1,259,718 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Arete Research upgraded Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research report on Wednesday, May 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $160.00 price objective on shares of Alibaba Group in a research note on Saturday, August 30th. Citigroup upped their price objective on Alibaba Group from $148.00 to $187.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Finally, Arete raised Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Buy" and an average target price of $163.53.

Alibaba Group Stock Up 4.1%

BABA traded up $5.53 during trading on Monday, reaching $141.11. 19,865,863 shares of the stock traded hands, compared to its average volume of 21,254,148. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $336.43 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.89 and a beta of 0.11. The stock's 50-day simple moving average is $119.59 and its two-hundred day simple moving average is $121.99.

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.