BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 259,100 shares of the specialty retailer’s stock after purchasing an additional 3,800 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Alibaba Group were worth $44,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC acquired a new stake in Alibaba Group during the 3rd quarter valued at $104,000. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group during the 2nd quarter valued at $102,000. Winch Advisory Services LLC raised its stake in Alibaba Group by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 482 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in Alibaba Group during the 2nd quarter valued at $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Alibaba Group by 29.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Several brokerages have issued reports on BABA. Bank of America reissued a “buy” rating and set a $200.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. Needham & Company LLC upped their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target (up from $165.00) on shares of Alibaba Group in a research note on Friday, August 25th. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price target on the stock. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $185.14.

Alibaba Group Holding Limited (BABA) opened at $172.63 on Thursday. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $191.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $432,732.59, a PE ratio of 49.12, a P/E/G ratio of 1.28 and a beta of 2.52.

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Alibaba Group Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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