Jupiter Asset Management Ltd. Boosts Stock Position in Alibaba Group Holding Limited $BABA

Jupiter Asset Management Ltd. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 53.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,722 shares of the specialty retailer’s stock after purchasing an additional 40,814 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Alibaba Group were worth $13,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BABA. 1248 Management LLC bought a new position in Alibaba Group during the first quarter valued at about $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group in the first quarter worth about $26,000. Summit Securities Group LLC boosted its stake in Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $26,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 196 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BABA shares. Arete upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. Sanford C. Bernstein boosted their target price on Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Susquehanna upped their price target on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Citigroup reissued a “buy” rating on shares of Alibaba Group in a report on Wednesday, September 24th. Finally, Nomura boosted their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $157.99 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The stock has a market cap of $376.97 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19. The stock has a fifty day moving average of $166.95 and a 200-day moving average of $136.11.

About Alibaba Group

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.