OPTIMAS CAPITAL Ltd Acquires New Shares in Alibaba Group Holding Limited $BABA

OPTIMAS CAPITAL 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 & Exchange Commission. The firm bought 107,683 shares of the specialty retailer’s stock, valued at approximately $19,246,000. Alibaba Group comprises 12.2% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its largest holding.

Several other institutional investors also recently modified their holdings of the stock. Traphagen Investment Advisors LLC boosted its stake in Alibaba Group by 2.0% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock worth $539,000 after acquiring an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in Alibaba Group by 26.4% in the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 63 shares during the period. Bluesphere Advisors LLC boosted its position in shares of Alibaba Group by 2.2% during the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock worth $540,000 after purchasing an additional 64 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 65 shares during the period. Finally, Transcend Capital Advisors LLC increased its position in shares of Alibaba Group by 1.0% in the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock valued at $1,191,000 after buying an additional 66 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on BABA shares. Barclays lifted their target price on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Wall Street Zen cut Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Freedom Capital cut Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Citigroup raised their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Jefferies Financial Group cut their price target on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Stock Up 3.0%

Shares of Alibaba Group stock opened at $162.57 on Monday. The firm has a market cap of $388.12 billion, a PE ratio of 22.45, a P/E/G ratio of 3.55 and a beta of 0.39. The business’s 50 day simple moving average is $158.99 and its 200 day simple moving average is $154.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. Alibaba Group Holding Limited has a 52-week low of $95.73 and a 52-week high of $192.67.

Alibaba Group Company 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.