Aurora Investment Managers LLC. Has $14.77 Million Stake in Alibaba Group Holding Limited $BABA

Aurora Investment Managers LLC. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,612 shares of the specialty retailer’s stock after buying an additional 6,985 shares during the period. Alibaba Group comprises about 8.0% of Aurora Investment Managers LLC.’s holdings, making the stock its 2nd largest position. Aurora Investment Managers LLC.’s holdings in Alibaba Group were worth $14,765,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. NTV Asset Management LLC lifted its stake in Alibaba Group by 127.4% during the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock valued at $2,707,000 after acquiring an additional 8,484 shares in the last quarter. Marex Group plc bought a new position in shares of Alibaba Group during the second quarter valued at about $17,139,000. Y Intercept Hong Kong Ltd boosted its holdings 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 purchasing an additional 22,701 shares during the last quarter. RD Finance Ltd bought a new stake in Alibaba Group in the 2nd quarter worth about $3,408,000. Finally, Oriental Harbor Investment Master Fund purchased a new stake in Alibaba Group in the 3rd quarter valued at about $39,500,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $154.60 on Monday. The firm has a market capitalization of $369.10 billion, a PE ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 0.39. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $158.99 and a two-hundred day moving average price of $156.76. Alibaba Group Holding Limited has a twelve month low of $95.73 and a twelve month high of $192.67.

Analysts Set New Price Targets

BABA has been the topic of a number of research analyst reports. Erste Group Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Citigroup boosted their price objective on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Arete Research upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, January 21st. Finally, Morgan Stanley cut their price target on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Company 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.