Amova Asset Management Americas Inc. Increases Stock Position in Alibaba Group Holding Limited $BABA

Amova Asset Management Americas Inc. raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 591.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,006 shares of the specialty retailer’s stock after purchasing an additional 153,118 shares during the period. Amova Asset Management Americas Inc.’s holdings in Alibaba Group were worth $31,987,000 as of its most recent SEC filing.

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

Alibaba Group Stock Performance

Alibaba Group stock opened at $133.15 on Thursday. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67. The company has a market capitalization of $317.88 billion, a PE ratio of 18.39, a P/E/G ratio of 2.97 and a beta of 0.43. The company has a 50 day moving average price of $158.30 and a 200-day moving average price of $157.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BABA. Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Morgan Stanley decreased their price objective on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Jefferies Financial Group lowered their price target on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, January 21st. Finally, Barclays upped their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.17.

Read Our Latest Report on BABA

Alibaba Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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