Ninety One UK Ltd Has $19.68 Million Stake in Alibaba Group Holding Limited $BABA

Ninety One UK Ltd trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,102 shares of the specialty retailer’s stock after selling 24,968 shares during the quarter. Ninety One UK Ltd’s holdings in Alibaba Group were worth $19,679,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BABA. Traphagen Investment Advisors LLC increased its position in Alibaba Group by 2.0% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock valued at $539,000 after buying an additional 59 shares in the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Alibaba Group by 1.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 4,757 shares of the specialty retailer’s stock worth $539,000 after purchasing an additional 83 shares in the last quarter. Wedbush Securities Inc. grew its position in Alibaba Group by 2.1% in the 2nd quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer’s stock valued at $480,000 after purchasing an additional 88 shares during the period. CWM LLC increased its stake in Alibaba Group by 0.8% during the 2nd quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 92 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Alibaba Group by 1.0% during the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock worth $1,109,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Barclays upped their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Citigroup raised their target price on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen downgraded Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Sanford C. Bernstein dropped their price objective on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Arete Research set a $172.00 target price on shares of Alibaba Group in a report on Tuesday, December 9th. Seventeen equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.00.

Alibaba Group Price Performance

BABA opened at $146.58 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm has a 50-day moving average of $158.59 and a 200 day moving average of $144.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $349.76 billion, a P/E ratio of 20.25, a PEG ratio of 2.27 and a beta of 0.37.

Alibaba Group 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.