Van ECK Associates Corp grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 797,230 shares of the specialty retailer’s stock after purchasing an additional 49,090 shares during the period. Van ECK Associates Corp’s holdings in Alibaba Group Holding Limited were worth $137,690,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in Alibaba Group Holding Limited in the 3rd quarter worth approximately $104,000. Shine Investment Advisory Services Inc. purchased a new position in Alibaba Group Holding Limited in the 2nd quarter worth approximately $102,000. Lee Financial Co raised its holdings in Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 250 shares during the last quarter. Winch Advisory Services LLC raised its holdings in Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in Alibaba Group Holding Limited in the 2nd quarter worth approximately $116,000. Hedge funds and other institutional investors own 37.39% of the company’s stock.

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A number of equities analysts recently weighed in on BABA shares. Macquarie restated a “buy” rating and issued a $245.00 price objective on shares of Alibaba Group Holding Limited in a report on Monday, October 16th. They noted that the move was a valuation call. Vetr upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price objective for the company in a report on Monday, August 28th. Stifel Nicolaus boosted their price objective on shares of Alibaba Group Holding Limited from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Barclays PLC boosted their price objective on shares of Alibaba Group Holding Limited from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $184.45.

Shares of Alibaba Group Holding Limited (BABA) traded down $1.06 during mid-day trading on Thursday, reaching $189.84. 14,417,615 shares of the company’s stock traded hands, compared to its average volume of 14,922,704. The stock has a market cap of $488,924.28, a PE ratio of 55.49, a P/E/G ratio of 1.44 and a beta of 2.61. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71.

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

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