Alibaba Group Holding Limited $BABA Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 482.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,528 shares of the specialty retailer’s stock after purchasing an additional 19,488 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Alibaba Group were worth $4,205,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. Primecap Management Co. CA raised its stake in Alibaba Group by 0.7% in 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 during the last quarter. Fisher Asset Management LLC increased its holdings in shares of 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 valued at $597,381,000 after purchasing an additional 390,883 shares during the period. Norges Bank purchased a new position in shares of Alibaba Group in the second quarter worth about $527,243,000. Discerene Group LP lifted its holdings in shares of Alibaba Group by 0.6% during the second quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after purchasing an additional 18,400 shares during the period. Finally, American Century Companies Inc. boosted its position in Alibaba Group by 10.7% in the second quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock valued at $287,954,000 after buying an additional 245,970 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA stock opened at $162.57 on Friday. The company has a market capitalization of $388.12 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.44 and a beta of 0.39. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The business’s 50 day moving average is $158.99 and its two-hundred day moving average is $153.56. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

A number of research firms have issued reports on BABA. Benchmark reissued a “buy” rating and set a $195.00 price target on shares of Alibaba Group in a research report on Tuesday, November 25th. Sanford C. Bernstein reduced their target price on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Mizuho set a $195.00 price target on shares of Alibaba Group in a report on Wednesday, October 22nd. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, January 21st. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Profile

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.