11,000 Shares in Alibaba Group Holding Limited $BABA Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,000 shares of the specialty retailer’s stock, valued at approximately $1,966,000.

A number of other hedge funds have also modified their holdings of the company. Ransom Advisory Ltd bought a new stake in shares of Alibaba Group during the 1st quarter valued at $26,000. 1248 Management LLC bought a new position in Alibaba Group in the 1st quarter worth $26,000. Rosenberg Matthew Hamilton purchased a new stake in Alibaba Group in the 2nd quarter worth $26,000. Mather Group LLC. bought a new stake in Alibaba Group during the third quarter valued at about $30,000. Finally, NewSquare Capital LLC lifted its position in shares of Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Up 6.2%

BABA stock opened at $155.70 on Monday. The firm has a fifty day moving average price of $158.22 and a 200 day moving average price of $144.90. 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 market cap of $371.53 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.41 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Wall Street Zen cut Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Susquehanna increased their price objective on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, September 18th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, November 26th. Erste Group Bank raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $194.00.

About Alibaba Group

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.