Katamaran Capital LLP Takes Position in Alibaba Group Holding Limited $BABA

Katamaran Capital LLP bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,501 shares of the specialty retailer’s stock, valued at approximately $2,770,000. Alibaba Group accounts for about 2.5% of Katamaran Capital LLP’s holdings, making the stock its 19th biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA boosted its holdings in shares of Alibaba Group by 0.7% during the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock worth $2,354,877,000 after purchasing an additional 140,579 shares during the period. Fisher Asset Management LLC raised its position in Alibaba Group by 8.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock valued at $597,381,000 after purchasing an additional 390,883 shares during the last quarter. Norges Bank purchased a new stake in Alibaba Group in the 2nd quarter worth approximately $527,243,000. Discerene Group LP lifted its holdings in Alibaba Group by 0.6% in the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after buying an additional 18,400 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Alibaba Group by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock worth $287,954,000 after buying an additional 245,970 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

BABA stock opened at $163.01 on Tuesday. The stock’s 50 day simple moving average is $158.97 and its 200 day simple moving average is $154.30. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The stock has a market capitalization of $389.17 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.39.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price target on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Citigroup upped their price objective on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Freedom Capital cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $195.17.

Alibaba Group Company Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.