Aberdeen Group plc Raises Position in Alibaba Group Holding Limited $BABA

Aberdeen Group plc grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 28.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,756 shares of the specialty retailer’s stock after acquiring an additional 5,222 shares during the quarter. Aberdeen Group plc’s holdings in Alibaba Group were worth $4,274,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in shares of Alibaba Group during the third quarter worth about $30,000. NBT Bank N A NY raised its holdings in Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 125 shares during the period. Richardson Financial Services Inc. grew its stake in 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 acquiring an additional 65 shares during the period. MMA Asset Management LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $51,000. Finally, JCIC Asset Management Inc. purchased a new position in shares of Alibaba Group in the third quarter valued at approximately $53,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, January 21st. Barclays raised their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Sanford C. Bernstein lowered their price target on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Wall Street Zen cut Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. 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, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Price Performance

NYSE BABA opened at $154.60 on Friday. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month 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. The company’s 50 day simple moving average is $158.99 and its 200 day simple moving average is $156.24. The firm has a market capitalization of $369.10 billion, a PE ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 0.39.

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.