Katamaran Capital LLP Invests $2.77 Million in Alibaba Group Holding Limited $BABA

Katamaran Capital LLP acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,501 shares of the specialty retailer’s stock, valued at approximately $2,770,000. Alibaba Group accounts for about 2.5% of Katamaran Capital LLP’s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BABA. Rosenberg Matthew Hamilton bought a new position in shares of Alibaba Group during the 2nd quarter valued at $26,000. Mather Group LLC. bought a new stake in shares of Alibaba Group in the third quarter worth $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 valued at $32,000 after acquiring an additional 125 shares during the last quarter. NewSquare Capital LLC lifted its holdings in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Elkhorn Partners Limited Partnership boosted its position in Alibaba Group by 33.3% in the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Zacks Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price objective on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Loop Capital set a $140.00 target price on Alibaba Group in a report on Tuesday, January 6th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $163.01 on Tuesday. The stock has a market cap of $389.17 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.39. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The firm has a fifty day moving average price of $158.97 and a 200-day moving average price of $154.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

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.