Wagner Bowman Management Corp purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,170 shares of the specialty retailer’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Alibaba Group by 42.5% during the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares during the period. Third Point LLC acquired a new position in Alibaba Group during the second quarter worth about $634,050,000. Hillhouse Capital Management Ltd. grew its holdings in Alibaba Group by 38,449.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after acquiring an additional 3,561,187 shares during the period. Boussard & Gavaudan Investment Management LLP grew its holdings in Alibaba Group by 37.1% during the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares during the period. Finally, Egerton Capital UK LLP acquired a new position in Alibaba Group during the third quarter worth about $507,041,000. 38.13% of the stock is currently owned by institutional investors.

Alibaba Group Holding Limited (NYSE BABA) opened at $171.75 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75. The firm has a market capitalization of $451,966.84, a P/E ratio of 51.30, a P/E/G ratio of 1.33 and a beta of 2.52.

A number of research analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Alibaba Group in a report on Wednesday. Susquehanna Bancshares assumed coverage on Alibaba Group in a report on Wednesday, December 6th. They set a “positive” rating and a $220.00 target price on the stock. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a report on Monday, December 4th. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $209.21 target price on the stock in a report on Wednesday, November 29th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Alibaba Group in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $185.14.

COPYRIGHT VIOLATION NOTICE: “Wagner Bowman Management Corp Invests $202,000 in Alibaba Group Holding Limited (BABA)” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/wagner-bowman-management-corp-invests-202000-in-alibaba-group-holding-limited-baba/1765212.html.

Alibaba Group Company 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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with Analyst Ratings Network's FREE daily email newsletter.