Bluefin Capital Management LLC Invests $907,000 in Alibaba Group Holding Limited $BABA

Bluefin Capital Management LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,000 shares of the specialty retailer’s stock, valued at approximately $907,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA raised its holdings in shares of Alibaba Group by 119.0% in the 2nd quarter. Banque Transatlantique SA now owns 20,900 shares of the specialty retailer’s stock valued at $2,278,000 after purchasing an additional 11,355 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in Alibaba Group in the second quarter valued at $184,291,000. Alden Global Capital LLC increased its holdings in Alibaba Group by 68.0% in the second quarter. Alden Global Capital LLC now owns 69,374 shares of the specialty retailer’s stock valued at $7,868,000 after buying an additional 28,092 shares during the last quarter. Clough Capital Partners L P acquired a new stake in Alibaba Group in the second quarter valued at $21,018,000. Finally, Banco BTG Pactual S.A. lifted its holdings in Alibaba Group by 242.9% during the 2nd quarter. Banco BTG Pactual S.A. now owns 80,000 shares of the specialty retailer’s stock worth $9,073,000 after buying an additional 136,000 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA stock opened at $155.56 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $371.18 billion, a P/E ratio of 21.49, a PEG ratio of 2.41 and a beta of 0.33. The business has a 50 day simple moving average of $164.60 and a 200-day simple moving average of $141.15. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Macquarie reiterated an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Arete Research set a $172.00 price target on shares of Alibaba Group in a research note on Tuesday. Sanford C. Bernstein cut their price objective on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, November 26th. Finally, Susquehanna lifted their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. Seventeen investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $194.00.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.