Regal Partners Ltd Takes Position in Alibaba Group Holding Limited $BABA

Regal Partners Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABAFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,000 shares of the specialty retailer’s stock, valued at approximately $1,609,000.

Other hedge funds also recently added to or reduced their stakes in the company. Triata Capital Ltd raised its position in Alibaba Group by 139.9% in the 3rd quarter. Triata Capital Ltd now owns 162,241 shares of the specialty retailer’s stock worth $28,997,000 after purchasing an additional 94,600 shares during the period. Parallel Advisors LLC boosted its position in shares of Alibaba Group by 2.1% during the third quarter. Parallel Advisors LLC now owns 9,357 shares of the specialty retailer’s stock valued at $1,672,000 after buying an additional 193 shares during the period. Guardian Partners Inc. bought a new position in shares of Alibaba Group during the third quarter valued at approximately $1,670,000. Ameriflex Group Inc. grew its stake in shares of Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Alibaba Group by 5.7% in the third quarter. First Trust Advisors LP now owns 53,630 shares of the specialty retailer’s stock worth $9,585,000 after buying an additional 2,892 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $130.98 on Friday. The firm has a 50 day moving average of $157.47 and a 200 day moving average of $157.96. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $312.70 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BABA shares. Citigroup raised their price target on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Arete Research upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, January 21st. Macquarie Infrastructure reiterated an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Barclays boosted their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Jefferies Financial Group cut their price target on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.17.

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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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