OPTIMAS CAPITAL Ltd Makes New Investment in Alibaba Group Holding Limited $BABA

OPTIMAS CAPITAL Ltd acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 107,683 shares of the specialty retailer’s stock, valued at approximately $19,246,000. Alibaba Group accounts for 12.2% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its biggest position.

Other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton bought a new position in shares of Alibaba Group in the second quarter valued at approximately $26,000. Mather Group LLC. acquired a new stake in Alibaba Group during the 3rd quarter valued at $30,000. NBT Bank N A NY raised its position in Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 125 shares during the last quarter. NewSquare Capital LLC boosted its stake in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 130 shares in the last quarter. Finally, Elkhorn Partners Limited Partnership boosted its stake in Alibaba Group by 33.3% in the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.0%

BABA opened at $162.57 on Monday. The firm has a 50 day simple moving average of $158.99 and a 200 day simple moving average of $154.00. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67. The company has a market cap of $388.12 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. Rosenblatt Securities set a $195.00 price target on Alibaba Group in a report on Wednesday, November 26th. Nomura boosted their target price on shares of Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. reduced their target price on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Citigroup upped their price objective on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $195.17.

About Alibaba Group

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.