BABA Stock: Alibaba Group Holding Ltd is New Silk Road Investment PTE Ltd.’s Largest Position

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New Silk Road Investment PTE Ltd. decreased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 749,882 shares of the specialty retailer’s stock after selling 11,600 shares during the period. Alibaba Group comprises about 68.3% of New Silk Road Investment PTE Ltd.’s holdings, making the stock its largest position. New Silk Road Investment PTE Ltd.’s holdings in Alibaba Group were worth $129,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. AJO LP boosted its position in Alibaba Group by 55.5% in the second quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares during the last quarter. AXA boosted its position in Alibaba Group by 8.8% in the third quarter. AXA now owns 802,486 shares of the specialty retailer’s stock worth $138,597,000 after purchasing an additional 64,589 shares during the last quarter. Dymon Asia Capital Ltd. purchased a new position in Alibaba Group in the third quarter worth $1,917,000. Coldstream Capital Management Inc. boosted its position in Alibaba Group by 39.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,817 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 802 shares during the last quarter. Finally, Pitcairn Co. purchased a new position in Alibaba Group in the third quarter worth $3,218,000. 37.94% of the stock is currently owned by institutional investors.

Shares of Alibaba Group Holding Ltd (NYSE BABA) traded down $1.29 during trading hours on Wednesday, hitting $189.51. The stock had a trading volume of 11,007,427 shares, compared to its average volume of 20,567,416. Alibaba Group Holding Ltd has a 12-month low of $94.80 and a 12-month high of $192.49. The company has a market cap of $486,490.00, a price-to-earnings ratio of 52.64, a P/E/G ratio of 1.44 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

Several brokerages have issued reports on BABA. Bank of America restated a “buy” rating and issued a $200.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. Needham & Company LLC boosted their target price on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 target price on the stock. in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Wednesday, November 8th. Finally, BidaskClub lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $186.06.

About Alibaba Group

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

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