Eleva Capital SAS Makes New Investment in Alibaba Group Holding Limited $BABA

Eleva Capital SAS purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,137 shares of the specialty retailer’s stock, valued at approximately $3,078,000. Alibaba Group makes up 0.7% of Eleva Capital SAS’s holdings, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of BABA. Brighton Jones LLC increased its position in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after buying an additional 981 shares in the last quarter. Private Trust Co. NA increased its position in Alibaba Group by 158.7% in the first quarter. Private Trust Co. NA now owns 3,428 shares of the specialty retailer’s stock worth $453,000 after buying an additional 2,103 shares in the last quarter. D.A. Davidson & CO. increased its position in Alibaba Group by 248.5% in the first quarter. D.A. Davidson & CO. now owns 13,763 shares of the specialty retailer’s stock worth $1,820,000 after buying an additional 9,814 shares in the last quarter. Checchi Capital Advisers LLC purchased a new stake in Alibaba Group in the first quarter worth about $343,000. Finally, Calamos Advisors LLC boosted its stake in shares of Alibaba Group by 42.5% in the first quarter. Calamos Advisors LLC now owns 66,465 shares of the specialty retailer’s stock worth $8,789,000 after acquiring an additional 19,828 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Nomura upped their price objective on Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. CLSA upped their price objective on Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Arete raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $170.17 on Friday. The stock has a 50 day moving average of $161.36 and a 200 day moving average of $133.28. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The firm has a market cap of $406.04 billion, a PE ratio of 19.79, a PEG ratio of 2.40 and a beta of 0.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.