Fosun International Ltd boosted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 34.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,280 shares of the specialty retailer’s stock after buying an additional 9,080 shares during the period. Alibaba Group accounts for approximately 0.7% of Fosun International Ltd’s holdings, making the stock its 25th biggest position. Fosun International Ltd’s holdings in Alibaba Group were worth $6,760,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of BABA. Norges Bank purchased a new stake in Alibaba Group in the 4th quarter worth $5,093,652,000. GQG Partners LLC grew its position in shares of Alibaba Group by 2,641.0% during the fourth quarter. GQG Partners LLC now owns 7,640,310 shares of the specialty retailer’s stock valued at $1,620,851,000 after purchasing an additional 7,361,567 shares in the last quarter. State Street Corp grew its position in shares of Alibaba Group by 18.7% during the fourth quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after purchasing an additional 5,605,966 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Alibaba Group by 12.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock valued at $5,674,477,000 after purchasing an additional 2,941,744 shares in the last quarter. Finally, Sanders Capital LLC purchased a new position in shares of Alibaba Group during the fourth quarter valued at about $513,683,000. Institutional investors and hedge funds own 47.92% of the company’s stock.
NYSE BABA traded down $11.67 on Friday, hitting $200.49. The stock had a trading volume of 35,383,583 shares, compared to its average volume of 20,859,008. The business’s fifty day moving average price is $201.21 and its 200 day moving average price is $203.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.75. Alibaba Group Holding Ltd has a 52-week low of $147.95 and a 52-week high of $231.14. The stock has a market cap of $551.60 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.60.
Alibaba Group Company Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Read More: What does a bar chart display?
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.