Federation des caisses Desjardins du Quebec Boosts Holdings in Alibaba Group Holding Limited $BABA

Federation des caisses Desjardins du Quebec raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,996 shares of the specialty retailer’s stock after purchasing an additional 3,228 shares during the period. Federation des caisses Desjardins du Quebec’s holdings in Alibaba Group were worth $12,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after buying an additional 2,584,480 shares during the last quarter. Bank of America Corp DE raised its position in shares of Alibaba Group by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock valued at $566,124,000 after buying an additional 438,537 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alibaba Group by 19.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock valued at $390,885,000 after buying an additional 752,275 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Alibaba Group by 3,214.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock valued at $578,992,000 after buying an additional 4,246,564 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BABA shares. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research report on Friday, May 16th. Arete cut shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 target price for the company. in a research report on Tuesday, June 24th. Robert W. Baird increased their target price on shares of Alibaba Group from $142.00 to $153.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America increased their target price on shares of Alibaba Group from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays reduced their target price on shares of Alibaba Group from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, July 15th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $164.62.

Alibaba Group Price Performance

Alibaba Group stock opened at $138.63 on Wednesday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $148.43. The stock has a market cap of $330.53 billion, a P/E ratio of 16.12, a PEG ratio of 1.99 and a beta of 0.11. The company has a 50-day moving average price of $118.38 and a 200 day moving average price of $121.91. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group 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.