Stanley Laman Group Ltd. Acquires Shares of 11,000 Alibaba Group Holding Limited $BABA

Key Points

• Stanley Laman Group Ltd. bought a new position of 11,000 shares of Alibaba (NYSE: BABA) in Q3, valued at about $1.966 million according to its latest Form 13F filing.
• Other institutions also made meaningful moves—Temasek raised its stake to 5.51 million shares (adding 1,045,789 shares), NTV Asset Management more than doubled its holdings, and new positions from Ninety One UK and Marex totalled roughly $15–17 million; hedge funds and other institutional investors own about 13.47% of the stock.
• Wall Street sentiment is largely positive with 17 Buys, 2 Holds and 1 Sell and a consensus target of $194; BABA was trading near $155.70 (up ~6.2%), with a market cap around $371.5 billion and a P/E near 21.5.

Stanley Laman Group Ltd. bought a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,000 shares of the specialty retailer's stock, valued at approximately $1,966,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd raised its stake in shares of Alibaba Group by 23.4% in the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock worth $728,633,000 after purchasing an additional 1,045,789 shares during the last quarter. Verde Servicos Internacionais S.A. boosted its position in shares of Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer's stock valued at $7,686,000 after buying an additional 4,373 shares during the last quarter. NTV Asset Management LLC increased its holdings in Alibaba Group by 127.4% in the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer's stock worth $2,707,000 after buying an additional 8,484 shares in the last quarter. Ninety One UK Ltd purchased a new position in Alibaba Group in the 2nd quarter worth about $15,318,000. Finally, Marex Group plc bought a new position in Alibaba Group during the 2nd quarter valued at about $17,139,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 6.2%

Shares of BABA stock opened at $155.70 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $371.53 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.41 and a beta of 0.37. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The firm has a fifty day moving average price of $158.22 and a 200-day moving average price of $144.90.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BABA shares. Robert W. Baird lifted their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. CLSA lifted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Citigroup boosted their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, November 26th. Mizuho set a $195.00 price target on Alibaba Group in a research note on Wednesday, October 22nd. Finally, Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $172.00 price objective for the company. in a report on Tuesday, December 9th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $194.00.

Alibaba Group Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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