Vanguard Personalized Indexing Management LLC Has $5.43 Million Holdings in Alibaba Group Holding Limited $BABA

Vanguard Personalized Indexing Management LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 14.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 30,361 shares of the specialty retailer’s stock after purchasing an additional 3,929 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Alibaba Group were worth $5,427,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $30,000. NBT Bank N A NY increased its position in Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares during the last quarter. Rosenberg Matthew Hamilton bought a new stake in Alibaba Group in the second quarter valued at approximately $26,000. Richardson Financial Services Inc. raised its stake in Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 65 shares during the period. Finally, JCIC Asset Management Inc. acquired a new stake in shares of Alibaba Group in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $2.83 during mid-day trading on Wednesday, reaching $175.55. The company had a trading volume of 2,405,476 shares, compared to its average volume of 15,436,083. The firm has a market cap of $419.10 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 3.69 and a beta of 0.37. The business’s 50-day simple moving average is $157.49 and its 200 day simple moving average is $151.26. Alibaba Group Holding Limited has a one year low of $95.73 and a one year high of $192.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BABA shares. Nomura increased their price target on Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research note on Monday. Citigroup upped their price target 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. Wall Street Zen cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Freedom Capital lowered Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Benchmark reissued a “buy” rating and set a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

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About Alibaba Group

(Free Report)

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

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