Soros Capital Management LLC Purchases Shares of 181,250 Alibaba Group Holding Limited $BABA

Key Points

• Soros Capital Management LLC purchased 181,250 shares of Alibaba Group, valued at approximately $23.97 million, making it the firm's 4th largest holding.
• Analysts have mixed views on Alibaba, with target prices ranging from $142 to $176, and an average rating of "Moderate Buy."
• Institutional investors own 13.47% of Alibaba's stock, indicating ongoing interest from large financial entities.

Soros Capital Management LLC 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 SEC. The fund purchased 181,250 shares of the specialty retailer's stock, valued at approximately $23,967,000. Alibaba Group comprises 6.1% of Soros Capital Management LLC's investment portfolio, making the stock its 4th biggest holding.

Other large investors have also added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. purchased a new stake in Alibaba Group during the 1st quarter valued at about $26,000. Summit Securities Group LLC grew its stake in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Alibaba Group during the 1st quarter valued at about $31,000. Finally, Inlight Wealth Management LLC purchased a new stake in Alibaba Group during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BABA shares. Robert W. Baird lowered their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a report on Tuesday, June 24th. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Benchmark reiterated a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Finally, Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $159.67.

Alibaba Group Trading Up 4.0%

NYSE:BABA opened at $122.8530 on Monday. The firm has a market cap of $292.98 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.17. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $116.41 and a 200 day moving average price of $121.31. Alibaba Group Holding Limited has a 12-month low of $79.21 and a 12-month high of $148.43.

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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.