Axxcess Wealth Management LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Get Rating) by 9.8% in the second quarter, HoldingsChannel reports. The fund owned 3,734 shares of the specialty retailer’s stock after acquiring an additional 333 shares during the period. Axxcess Wealth Management LLC’s holdings in Alibaba Group were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in BABA. Bridgewater Associates LP grew its stake in shares of Alibaba Group by 75.3% during the 1st quarter. Bridgewater Associates LP now owns 7,480,545 shares of the specialty retailer’s stock valued at $813,883,000 after acquiring an additional 3,212,150 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of Alibaba Group by 31.3% during the 1st quarter. E Fund Management Co. Ltd. now owns 12,150,324 shares of the specialty retailer’s stock valued at $1,321,955,000 after acquiring an additional 2,899,453 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Alibaba Group by 10,206.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,828,588 shares of the specialty retailer’s stock valued at $321,554,000 after acquiring an additional 2,801,144 shares during the period. RWWM Inc. grew its stake in shares of Alibaba Group by 170.2% during the 1st quarter. RWWM Inc. now owns 2,733,556 shares of the specialty retailer’s stock valued at $297,411,000 after acquiring an additional 1,722,049 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Alibaba Group by 38.4% in the 1st quarter. First Eagle Investment Management LLC now owns 5,714,725 shares of the specialty retailer’s stock worth $621,762,000 after purchasing an additional 1,585,422 shares during the period. 14.81% of the stock is currently owned by institutional investors.
Alibaba Group Price Performance
BABA opened at $78.50 on Thursday. Alibaba Group Holding Limited has a 12-month low of $58.01 and a 12-month high of $138.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $75.61 and its 200-day simple moving average is $90.50. The company has a market capitalization of $207.88 billion, a price-to-earnings ratio of 196.25, a PEG ratio of 1.02 and a beta of 0.50.
Wall Street Analyst Weigh In
Alibaba Group Company Profile
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.
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