Commonwealth Bank of Australia lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 35.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,336 shares of the specialty retailer’s stock after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia’s holdings in Alibaba Group were worth $921,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of BABA. Schwab Charles Investment Management Inc. boosted its position in shares of Alibaba Group by 20.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock worth $1,930,000 after buying an additional 3,027 shares during the period. Global X Management Co. LLC lifted its position in Alibaba Group by 10.1% in the second quarter. Global X Management Co. LLC now owns 35,214 shares of the specialty retailer’s stock worth $4,962,000 after purchasing an additional 3,229 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Alibaba Group in the second quarter worth approximately $102,000. Morse Asset Management Inc lifted its position in Alibaba Group by 21.1% in the second quarter. Morse Asset Management Inc now owns 25,553 shares of the specialty retailer’s stock worth $3,600,000 after purchasing an additional 4,450 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Alibaba Group in the second quarter worth approximately $254,000. Institutional investors and hedge funds own 38.13% of the company’s stock.
Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $172.63 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75. The firm has a market cap of $432,732.59, a PE ratio of 49.12, a P/E/G ratio of 1.28 and a beta of 2.52.
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About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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