HighPoint Advisor Group LLC Boosts Stock Position in Alibaba Group Holding Limited $BABA

HighPoint Advisor Group LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,520 shares of the specialty retailer’s stock after buying an additional 4,509 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Alibaba Group were worth $5,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BABA. Primecap Management Co. CA raised its stake in shares of Alibaba Group by 0.7% during the 2nd quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock worth $2,354,877,000 after acquiring an additional 140,579 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Alibaba Group by 8.0% in the second quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock worth $597,381,000 after purchasing an additional 390,883 shares during the last quarter. Norges Bank acquired a new position in shares of Alibaba Group during the second quarter worth $527,243,000. Discerene Group LP lifted its holdings in shares of Alibaba Group by 0.6% during the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock valued at $338,584,000 after purchasing an additional 18,400 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Alibaba Group by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock valued at $287,954,000 after purchasing an additional 245,970 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, January 21st. Barclays raised their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Macquarie restated an “outperform” rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Rosenblatt Securities set a $195.00 price objective on shares of Alibaba Group in a report on Wednesday, November 26th. Finally, Loop Capital set a $140.00 target price on shares of Alibaba Group in a research note on Tuesday, January 6th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Get Our Latest Stock Report on BABA

Alibaba Group Trading Down 2.9%

Shares of NYSE:BABA opened at $158.96 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 52-week low of $95.73 and a 52-week high of $192.67. The stock has a market cap of $379.50 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 3.57 and a beta of 0.39. The business has a 50-day moving average price of $158.89 and a 200-day moving average price of $153.23.

Alibaba Group Company Profile

(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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