Commonwealth Bank of Australia Buys 1,400 Shares of Alibaba Group Holding Limited (BABA)

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.

A number of research firms have weighed in on BABA. Bank of America upped their target price on Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Macquarie upped their target price on Alibaba Group from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Susquehanna Bancshares started coverage on Alibaba Group in a research report on Wednesday. They issued a “positive” rating and a $220.00 target price for the company. SunTrust Banks started coverage on Alibaba Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective for the company. Finally, KeyCorp set a $182.00 price objective on Alibaba Group and gave the company an “overweight” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and a consensus price target of $185.14.

ILLEGAL ACTIVITY NOTICE: “Commonwealth Bank of Australia Buys 1,400 Shares of Alibaba Group Holding Limited (BABA)” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3079454/commonwealth-bank-of-australia-buys-1400-shares-of-alibaba-group-holding-limited-baba.html.

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.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.