Factory Mutual Insurance Co. Invests $8.53 Million in Alibaba Group Holding Limited $BABA

Factory Mutual Insurance Co. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 47,721 shares of the specialty retailer’s stock, valued at approximately $8,529,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $254,000. Stephens Inc. AR raised its holdings in Alibaba Group by 10.4% during the 2nd quarter. Stephens Inc. AR now owns 8,133 shares of the specialty retailer’s stock valued at $922,000 after buying an additional 767 shares during the period. Whittier Trust Co. boosted its stake in Alibaba Group by 56.8% during the second quarter. Whittier Trust Co. now owns 1,129 shares of the specialty retailer’s stock worth $128,000 after buying an additional 409 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in Alibaba Group by 43.6% during the second quarter. Cullen Frost Bankers Inc. now owns 530 shares of the specialty retailer’s stock valued at $60,000 after acquiring an additional 161 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Alibaba Group stock opened at $154.35 on Friday. The stock has a market cap of $368.50 billion, a P/E ratio of 21.32, a PEG ratio of 3.41 and a beta of 0.39. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $159.00 and a 200 day moving average price of $155.98. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Rosenblatt Securities set a $195.00 price objective on shares of Alibaba Group in a research report on Wednesday, November 26th. Erste Group Bank lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Macquarie Infrastructure reissued an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.