Profund Advisors LLC Increases Stock Holdings in Alibaba Group Holding Limited $BABA

Profund Advisors LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,182 shares of the specialty retailer’s stock after purchasing an additional 17,513 shares during the period. Alibaba Group makes up 0.6% of Profund Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Profund Advisors LLC’s holdings in Alibaba Group were worth $19,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BABA. Rosenberg Matthew Hamilton bought a new stake in Alibaba Group during the second quarter worth about $26,000. Mather Group LLC. bought a new position in Alibaba Group in the 3rd quarter valued at approximately $30,000. NBT Bank N A NY boosted its position in shares of Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 125 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Alibaba Group by 65.0% during the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership boosted its holdings 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 during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup raised their target price on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Mizuho set a $195.00 price objective on shares of Alibaba Group in a research report on Wednesday, October 22nd. Benchmark reissued a “buy” rating and issued a $195.00 price target on shares of Alibaba Group in a report on Tuesday, November 25th. Freedom Capital cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, January 21st. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Stock Up 3.0%

NYSE:BABA opened at $162.57 on Monday. The company has a 50-day moving average of $158.99 and a 200 day moving average of $154.00. Alibaba Group Holding Limited has a 1-year low of $95.73 and a 1-year high of $192.67. The firm has a market cap of $388.12 billion, a PE 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.

Alibaba Group Profile

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.