Alibaba Group Holding Limited $BABA Shares Purchased by Allianz SE

Allianz SE grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,015 shares of the specialty retailer’s stock after acquiring an additional 2,428 shares during the period. Allianz SE’s holdings in Alibaba Group were worth $3,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Temasek Holdings Private Ltd lifted its holdings in 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 buying an additional 1,045,789 shares during the last quarter. American Century Companies Inc. raised its position in shares of Alibaba Group by 52.1% during the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after acquiring an additional 785,494 shares in the last quarter. Verde Servicos Internacionais S.A. lifted its stake in Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after purchasing an additional 4,373 shares during the last quarter. Causeway Capital Management LLC boosted its holdings in Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after purchasing an additional 404,842 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in Alibaba Group by 53.1% in the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock worth $1,725,000 after purchasing an additional 4,521 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Mizuho set a $195.00 price target on Alibaba Group in a research report on Wednesday, October 22nd. CLSA boosted their price objective on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Sanford C. Bernstein upped their price objective on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. 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 company’s stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

Alibaba Group Trading Up 1.4%

Alibaba Group stock opened at $160.06 on Friday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $381.92 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19. The firm has a 50 day simple moving average of $167.53 and a 200-day simple moving average of $136.28.

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.