Janus Henderson Group PLC raised its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,657,975 shares of the specialty retailer’s stock after buying an additional 484,548 shares during the period. Janus Henderson Group PLC owned about 0.18% of Alibaba Group worth $789,257,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Farmers National Bank acquired a new stake in shares of Alibaba Group in the first quarter valued at $25,000. Manchester Capital Management LLC raised its stake in Alibaba Group by 171.4% in the first quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 96 shares in the last quarter. Lee Financial Co raised its stake in Alibaba Group by 194.6% in the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Alibaba Group by 100.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. Finally, Coastal Capital Group Inc. acquired a new stake in Alibaba Group in the second quarter valued at $34,000. Institutional investors and hedge funds own 42.12% of the company’s stock.
NYSE BABA opened at $167.48 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The business’s 50-day moving average price is $169.08 and its 200 day moving average price is $172.81. The firm has a market cap of $422.12 billion, a P/E ratio of 46.65, a P/E/G ratio of 1.02 and a beta of 2.30.
A number of analysts have weighed in on BABA shares. Barclays raised their price target on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. TH Capital raised their price target on Alibaba Group from $180.00 to $220.00 in a research note on Monday, May 13th. Royal Bank of Canada set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on Alibaba Group in a research note on Monday, August 5th. They issued a “buy” rating and a $216.00 price target on the stock. Finally, SunTrust Banks restated a “positive” rating and issued a $210.00 price target (up from $205.00) on shares of Alibaba Group in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $219.23.
Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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