Aberdeen Group plc Increases Stake in Alibaba Group Holding Limited $BABA

Aberdeen Group plc increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,756 shares of the specialty retailer’s stock after acquiring an additional 5,222 shares during the period. Aberdeen Group plc’s holdings in Alibaba Group were worth $4,274,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NTV Asset Management LLC increased its position in shares of Alibaba Group by 127.4% during the third quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock valued at $2,707,000 after buying an additional 8,484 shares during the period. Marex Group plc purchased a new position in Alibaba Group during the 2nd quarter valued at about $17,139,000. Y Intercept Hong Kong Ltd boosted its stake in Alibaba Group by 197.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer’s stock worth $3,881,000 after acquiring an additional 22,701 shares in the last quarter. RD Finance Ltd purchased a new stake in Alibaba Group in the second quarter worth about $3,408,000. Finally, Oriental Harbor Investment Master Fund bought a new position in shares of Alibaba Group during the third quarter valued at approximately $39,500,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BABA shares. Sanford C. Bernstein dropped their price target on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Benchmark reissued a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, January 21st. Jefferies Financial Group lowered their price target on Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a research report on Wednesday, November 26th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Price Performance

Alibaba Group stock opened at $154.60 on Friday. The firm has a market capitalization of $369.10 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.39. The firm has a 50-day moving average price of $158.99 and a 200-day moving average price of $156.24. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23.

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.