Flow Traders U.S. LLC Takes Position in Alibaba Group Holding Limited $BABA

Flow Traders U.S. LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,370 shares of the specialty retailer’s stock, valued at approximately $2,083,000.

Other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its holdings in 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 acquiring an additional 49,010,087 shares during the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the second quarter valued at about $527,243,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alibaba Group by 85.6% during the first 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 valued at $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Alibaba Group by 43.0% during the first 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 last quarter. Finally, Axiom Investors LLC DE purchased a new position in Alibaba Group during the first quarter worth about $276,909,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Sanford C. Bernstein dropped their target price on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Bank of America boosted their price objective on Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. decreased their target price on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eighteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.11.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $158.38 on Monday. The firm has a market cap of $377.91 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.33. The stock has a fifty day simple moving average of $167.26 and a two-hundred day simple moving average of $140.16. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67.

Alibaba Group 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.