Asset Management One Co. Ltd. Invests $5.98 Million in Alibaba Group Holding Limited $BABA

Asset Management One Co. Ltd. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 52,759 shares of the specialty retailer’s stock, valued at approximately $5,983,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after purchasing an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd boosted its position in shares of Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after purchasing an additional 1,045,789 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. CLSA raised their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Mizuho set a $195.00 price target on shares of Alibaba Group in a research report on Wednesday, October 22nd. Finally, UBS Group reissued a “buy” rating and issued a $162.00 price target on shares of Alibaba Group in a research report on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

Alibaba Group stock opened at $176.84 on Wednesday. The stock has a market cap of $421.95 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.40 and a beta of 0.18. The company has a fifty day simple moving average of $158.10 and a 200-day simple moving average of $131.95. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

Alibaba Group Company Profile

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.