Metavasi Capital LP Makes New Investment in Alibaba Group Holding Limited $BABA

Key Points

• Metavasi Capital LP has purchased 32,000 shares of Alibaba Group valued at approximately $4.23 million, representing about 2.7% of its investment portfolio.
• In the first quarter, multiple institutional investors exhibited significant interest in Alibaba, with Mirae Asset Global Investments increasing its stake by 3,214.5% and Goldman Sachs raising its position by 22.6%.
• Alibaba shares have shown a strong performance with a recent trading increase of 13.0%, currently priced at around $135.11, while analysts maintain a consensus rating of "Moderate Buy" with a target price of approximately $159.69.

Metavasi Capital LP purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 32,000 shares of the specialty retailer's stock, valued at approximately $4,231,000. Alibaba Group comprises approximately 2.7% of Metavasi Capital LP's investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Alibaba Group by 3,214.5% in the 1st 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 buying an additional 4,246,564 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of 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 valued at $2,069,144,000 after purchasing an additional 2,885,154 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $1,136,554,000 after purchasing an additional 2,584,480 shares during the last quarter. Trivest Advisors Ltd bought a new position in shares of Alibaba Group in the first quarter worth about $295,270,000. Finally, Axiom Investors LLC DE acquired a new position in shares of Alibaba Group during the 1st quarter worth about $276,909,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 13.0%

Shares of NYSE BABA opened at $135.11 on Monday. The company's 50 day simple moving average is $117.51 and its 200 day simple moving average is $121.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $148.43. The firm has a market capitalization of $322.14 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.99 and a beta of 0.11.

Analyst Ratings Changes

Several research analysts have commented on BABA shares. UBS Group reaffirmed a "buy" rating on shares of Alibaba Group in a research report on Sunday. Robert W. Baird cut their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Benchmark reissued a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Sanford C. Bernstein restated an "outperform" rating and set a $160.00 price objective on shares of Alibaba Group in a report on Saturday. Finally, Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.69.

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.

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