Cetera Advisors LLC Has $1.65 Million Position in Alibaba Group Holding Limited (BABA)
Cetera Advisors LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,569 shares of the specialty retailer’s stock after buying an additional 2,196 shares during the period. Cetera Advisors LLC’s holdings in Alibaba Group were worth $1,649,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in BABA. FMR LLC increased its position in shares of Alibaba Group by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after purchasing an additional 7,544,165 shares during the last quarter. Third Point LLC bought a new stake in shares of Alibaba Group in the 2nd quarter worth about $634,050,000. Hillhouse Capital Management Ltd. increased its position in shares of Alibaba Group by 38,449.4% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after purchasing an additional 3,561,187 shares during the last quarter. Boussard & Gavaudan Investment Management LLP increased its position in shares of Alibaba Group by 37.1% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after purchasing an additional 3,141,790 shares during the last quarter. Finally, Egerton Capital UK LLP bought a new stake in shares of Alibaba Group in the 3rd quarter worth about $507,041,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.
Alibaba Group Holding Limited (NYSE:BABA) opened at $176.47 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a market cap of $447,279.94, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.32 and a beta of 2.52. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75.
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About Alibaba Group
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.
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