Alibaba Group Holding Limited $BABA Holdings Lifted by Alden Global Capital LLC

Alden Global Capital LLC grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 68.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,374 shares of the specialty retailer’s stock after acquiring an additional 28,092 shares during the quarter. Alibaba Group comprises 4.8% of Alden Global Capital LLC’s portfolio, making the stock its 8th biggest position. Alden Global Capital LLC’s holdings in Alibaba Group were worth $7,868,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC grew its holdings in shares of Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new position in Alibaba Group during the first quarter valued at approximately $26,000. 1248 Management LLC purchased a new stake in Alibaba Group during the first quarter worth approximately $26,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Alibaba Group in the second quarter worth $26,000. Finally, NewSquare Capital LLC raised its stake in shares of Alibaba Group by 65.0% in the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of BABA stock opened at $155.56 on Friday. The firm has a fifty day moving average of $164.60 and a two-hundred day moving average of $141.15. The firm has a market cap of $371.18 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.41 and a beta of 0.33. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

Analysts Set New Price Targets

A number of analysts recently weighed in on BABA shares. Sanford C. Bernstein decreased their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their target price on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Robert W. Baird raised their target price on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Benchmark reissued a “buy” rating and set a $195.00 price target on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Arete Research set a $172.00 price objective on shares of Alibaba Group in a research report on Tuesday. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.