Verus Capital Partners LLC Buys 5,565 Shares of Alibaba Group Holding Limited $BABA

Verus Capital Partners LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 129.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,872 shares of the specialty retailer’s stock after purchasing an additional 5,565 shares during the quarter. Verus Capital Partners LLC’s holdings in Alibaba Group were worth $1,764,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BABA. Primecap Management Co. CA increased its position in 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 valued at $2,354,877,000 after acquiring an additional 140,579 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of 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 worth $597,381,000 after purchasing an additional 390,883 shares during the period. Norges Bank purchased a new position in shares of Alibaba Group during the 2nd quarter worth about $527,243,000. Discerene Group LP grew its holdings in Alibaba Group by 0.6% during the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock valued at $338,584,000 after purchasing an additional 18,400 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Alibaba Group by 10.7% in the second quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock worth $287,954,000 after purchasing an additional 245,970 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Barclays upped their target price on Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a research note on Wednesday, November 26th. Nomura boosted their price objective on shares of Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Sanford C. Bernstein dropped their target price on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Trading Up 0.2%

NYSE:BABA opened at $154.60 on Monday. The firm has a 50-day simple moving average of $158.99 and a 200-day simple moving average of $156.76. Alibaba Group Holding Limited has a one year low of $95.73 and a one year high of $192.67. The firm has a market cap of $369.10 billion, a P/E ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

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.