Alibaba Group Holding Limited $BABA Holdings Raised by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 62.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,654 shares of the specialty retailer’s stock after acquiring an additional 19,887 shares during the period. Alibaba Group makes up approximately 2.6% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 2nd largest position. Integrated Quantitative Investments LLC’s holdings in Alibaba Group were worth $9,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Traphagen Investment Advisors LLC boosted its stake in shares of Alibaba Group by 2.0% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock worth $539,000 after purchasing an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Alibaba Group by 26.4% in the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 63 shares during the period. Bluesphere Advisors LLC lifted its position in Alibaba Group by 2.2% during the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock worth $540,000 after buying an additional 64 shares during the period. Richardson Financial Services Inc. boosted its stake in Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after buying an additional 65 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Alibaba Group by 1.0% during the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after acquiring an additional 66 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 1.8%

Shares of NYSE BABA opened at $133.15 on Thursday. The firm has a market cap of $317.88 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.97 and a beta of 0.43. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 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. The stock’s 50-day simple moving average is $158.30 and its 200-day simple moving average is $157.82.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BABA shares. Sanford C. Bernstein cut their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Citigroup boosted their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Wednesday, January 21st. Weiss Ratings downgraded shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Finally, Freedom Capital downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $195.17.

Read Our Latest Research Report on BABA

Alibaba Group 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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