Levin Capital Strategies L.P. purchased a new stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,336 shares of the specialty retailer’s stock, valued at approximately $230,000.
Other hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. acquired a new position in Alibaba Group during the 4th quarter valued at about $64,511,000. Fagan Associates Inc. grew its stake in shares of Alibaba Group by 11.7% in the 4th quarter. Fagan Associates Inc. now owns 22,300 shares of the specialty retailer’s stock worth $3,845,000 after purchasing an additional 2,340 shares during the last quarter. First Allied Advisory Services Inc. increased its position in shares of Alibaba Group by 10.1% in the fourth quarter. First Allied Advisory Services Inc. now owns 37,684 shares of the specialty retailer’s stock worth $6,495,000 after acquiring an additional 3,461 shares in the last quarter. Sitrin Capital Management LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth approximately $4,737,000. Finally, GWM Advisors LLC increased its position in shares of Alibaba Group by 22.8% in the fourth quarter. GWM Advisors LLC now owns 2,991 shares of the specialty retailer’s stock worth $569,000 after acquiring an additional 555 shares in the last quarter. 37.76% of the stock is owned by institutional investors.
Alibaba Group Holding Ltd (NYSE BABA) opened at $188.41 on Wednesday. Alibaba Group Holding Ltd has a 1 year low of $102.60 and a 1 year high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $493,636.84, a price-to-earnings ratio of 48.81, a price-to-earnings-growth ratio of 1.56 and a beta of 2.57.
BABA has been the subject of a number of analyst reports. MKM Partners restated a “buy” rating on shares of Alibaba Group in a research note on Friday, December 15th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a report on Monday, December 4th. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 target price on the stock. in a research note on Friday, November 17th. Finally, Oppenheimer reiterated a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $211.22.
Alibaba Group Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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