Signaturefd LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 8.3% in the second quarter, Holdings Channel reports. The firm owned 23,877 shares of the specialty retailer’s stock after purchasing an additional 1,829 shares during the quarter. Signaturefd LLC’s holdings in Alibaba Group were worth $1,719,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in BABA. International Assets Investment Management LLC grew its position in Alibaba Group by 168.6% in the fourth quarter. International Assets Investment Management LLC now owns 10,245 shares of the specialty retailer’s stock valued at $794,000 after purchasing an additional 6,431 shares in the last quarter. Choreo LLC grew its position in Alibaba Group by 13.0% in the fourth quarter. Choreo LLC now owns 3,209 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 369 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in Alibaba Group by 17.9% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 7,882 shares of the specialty retailer’s stock valued at $611,000 after purchasing an additional 1,195 shares in the last quarter. MONECO Advisors LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $388,000. Finally, Victory Capital Management Inc. lifted its stake in Alibaba Group by 16.0% in the fourth quarter. Victory Capital Management Inc. now owns 13,785 shares of the specialty retailer’s stock valued at $1,068,000 after acquiring an additional 1,899 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.
Alibaba Group Price Performance
NYSE:BABA opened at $83.32 on Friday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $96.68. The firm has a market cap of $211.42 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 0.48 and a beta of 0.32. The firm’s 50-day simple moving average is $77.81 and its 200 day simple moving average is $76.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79.
Wall Street Analyst Weigh In
BABA has been the subject of a number of recent analyst reports. Bank of America increased their price target on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird increased their price target on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Barclays cut their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Sanford C. Bernstein raised their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Finally, Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.61.
Check Out Our Latest Stock Analysis on Alibaba Group
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
See Also
- Five stocks we like better than Alibaba Group
- When to Sell a Stock for Profit or Loss
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- Most active stocks: Dollar volume vs share volume
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA – Free Report).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.