4,311 Shares in Alibaba Group Holding Limited $BABA Bought by Orca Wealth Management LLC

Orca Wealth Management LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 4,311 shares of the specialty retailer’s stock, valued at approximately $770,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA increased its position in shares of 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 purchasing an additional 140,579 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Alibaba Group by 0.5% in the 3rd quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer’s stock valued at $946,125,000 after purchasing an additional 26,156 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group during the second quarter worth about $527,243,000. American Century Companies Inc. lifted its position in shares of Alibaba Group by 17.7% during the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after purchasing an additional 448,484 shares during the last quarter. Finally, Discerene Group LP grew its stake in Alibaba Group by 0.6% in 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 in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of BABA opened at $130.98 on Monday. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a fifty day moving average price of $157.47 and a 200 day moving average price of $158.23. The company has a market cap of $312.70 billion, a P/E ratio of 18.09, a PEG ratio of 2.86 and a beta of 0.43.

Alibaba Group News Roundup

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BABA. JPMorgan Chase & Co. lowered their price objective on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Erste Group Bank lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Rosenblatt Securities set a $195.00 price target on Alibaba Group in a report on Wednesday, November 26th. Finally, Wall Street Zen lowered Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Alibaba Group presently has an average 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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