Mondrian Investment Partners LTD cut its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 12.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,868,367 shares of the specialty retailer’s stock after selling 266,565 shares during the period. Alibaba Group makes up about 12.7% of Mondrian Investment Partners LTD’s portfolio, making the stock its biggest holding. Mondrian Investment Partners LTD’s holdings in Alibaba Group were worth $363,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in BABA. Candriam Luxembourg S.C.A. raised its holdings in Alibaba Group by 4.5% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 803,160 shares of the specialty retailer’s stock valued at $170,371,000 after acquiring an additional 34,517 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in Alibaba Group in the 4th quarter valued at $86,000. Conning Inc. acquired a new position in Alibaba Group in the 4th quarter valued at $282,000. North Star Investment Management Corp. raised its holdings in shares of Alibaba Group by 2.4% during the 4th quarter. North Star Investment Management Corp. now owns 2,445 shares of the specialty retailer’s stock worth $519,000 after buying an additional 58 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in shares of Alibaba Group by 12.1% during the 4th quarter. Confluence Investment Management LLC now owns 8,284 shares of the specialty retailer’s stock worth $1,757,000 after buying an additional 894 shares in the last quarter. 47.19% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE BABA traded up $7.90 during trading on Friday, reaching $207.39. The company had a trading volume of 43,174,101 shares, compared to its average volume of 23,063,184. The company’s fifty day moving average price is $202.94 and its 200-day moving average price is $204.41. Alibaba Group Holding Ltd has a 12 month low of $147.95 and a 12 month high of $231.14. The stock has a market cap of $527.68 billion, a P/E ratio of 25.96, a PEG ratio of 1.52 and a beta of 1.60. The company has a quick ratio of 1.75, a current ratio of 1.91 and a debt-to-equity ratio of 0.14.
BABA has been the subject of a number of research analyst reports. Goldman Sachs Group reissued a “buy” rating and set a $275.00 price target on shares of Alibaba Group in a report on Friday, February 14th. UBS Group lowered their price target on Alibaba Group from $275.00 to $265.00 and set a “buy” rating for the company in a report on Monday, April 13th. Mizuho boosted their price target on Alibaba Group from $255.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their price target on Alibaba Group from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Robert W. Baird reissued a “buy” rating and set a $230.00 price target on shares of Alibaba Group in a report on Tuesday, April 14th. Three research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Alibaba Group presently has an average rating of “Buy” and an average target price of $245.38.
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.
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