Fosun International Ltd lifted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 34.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 35,280 shares of the specialty retailer’s stock after purchasing an additional 9,080 shares during the quarter. Alibaba Group accounts for 0.7% of Fosun International Ltd’s portfolio, making the stock its 25th largest position. Fosun International Ltd’s holdings in Alibaba Group were worth $6,760,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BABA. Pacifica Partners Inc. acquired a new stake in Alibaba Group during the 4th quarter worth approximately $26,000. Nkcfo LLC acquired a new stake in Alibaba Group during the 1st quarter worth approximately $29,000. Sugarloaf Wealth Management LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $30,000. Squar Milner Financial Services LLC lifted its holdings in Alibaba Group by 111.7% during the 4th quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock worth $34,000 after buying an additional 86 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Alibaba Group by 110.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 47.92% of the company’s stock.

Alibaba Group stock traded down $11.67 during midday trading on Friday, hitting $200.49. 35,383,583 shares of the company’s stock were exchanged, compared to its average volume of 20,859,008. Alibaba Group Holding Ltd has a 12-month low of $147.95 and a 12-month high of $231.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75. 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. The firm’s 50 day simple moving average is $201.21 and its 200 day simple moving average is $203.54.

BABA has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of Alibaba Group from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Benchmark reissued a “buy” rating and issued a $275.00 price objective (up from $220.00) on shares of Alibaba Group in a research report on Friday, February 14th. They noted that the move was a valuation call. Goldman Sachs Group reissued a “buy” rating and issued a $275.00 price objective on shares of Alibaba Group in a research report on Friday, February 14th. Mizuho increased their price objective on shares of Alibaba Group from $225.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Alibaba Group from $240.00 to $230.00 in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $244.32.

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

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