143,760 Shares in Alibaba Group Holding Limited $BABA Purchased by Contrarian Capital Management L.L.C.

Contrarian Capital Management L.L.C. acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 143,760 shares of the specialty retailer’s stock, valued at approximately $25,694,000. Alibaba Group comprises 6.5% of Contrarian Capital Management L.L.C.’s holdings, making the stock its 6th biggest position.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC grew its position in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 981 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $254,000. Savant Capital LLC lifted its position in Alibaba Group by 23.6% in the 2nd quarter. Savant Capital LLC now owns 9,734 shares of the specialty retailer’s stock worth $1,104,000 after buying an additional 1,861 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Alibaba Group by 2.1% during the 2nd quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer’s stock valued at $480,000 after buying an additional 88 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in shares of Alibaba Group by 13.8% during the 2nd quarter. Prospera Financial Services Inc now owns 10,702 shares of the specialty retailer’s stock valued at $1,215,000 after acquiring an additional 1,301 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Trading Down 0.4%

Shares of NYSE:BABA opened at $136.31 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $325.43 billion, a PE ratio of 18.83, a P/E/G ratio of 2.99 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 firm has a fifty day moving average price of $156.74 and a 200 day moving average price of $158.28.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BABA. Sanford C. Bernstein dropped 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 target price on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Macquarie Infrastructure reaffirmed an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Rosenblatt Securities set a $195.00 price target on Alibaba Group in a report on Wednesday, November 26th. Finally, Jefferies Financial Group lowered their price target on Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. 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. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $195.17.

View Our Latest Analysis on Alibaba Group

About Alibaba Group

(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.

See Also

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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