The Leonetti & Associates LLC Purchases New Stake in Alibaba Group Holding Ltd (BABA)

The Leonetti & Associates LLC Purchases New Stake in Alibaba Group Holding Ltd (BABA)

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. boosted its position in Alibaba Group Holding by 5.5% in the fourth quarter. Baillie Gifford & Co. now owns 48,695,933 shares of the specialty retailer’s stock valued at $4,275,990,000 after buying an additional 2,543,693 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Alibaba Group Holding by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the specialty retailer’s stock valued at $4,100,353,000 after buying an additional 2,637,869 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the specialty retailer’s stock valued at $3,298,502,000 after buying an additional 15,751,926 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the specialty retailer’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Alibaba Group Holding by 13.2% in the third quarter. Schroder Investment Management Group now owns 22,140,881 shares of the specialty retailer’s stock valued at $2,342,284,000 after buying an additional 2,590,397 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Leonetti & Associates LLC acquired a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 77,650 shares of the specialty retailer’s stock, valued at approximately $8,373,000. Alibaba Group Holding accounts for about 2.4% of Leonetti & Associates LLC’s portfolio, making the stock its 12th largest position.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at 124.13 on Monday. The company has a market cap of $314.05 billion, a PE ratio of 50.40 and a beta of 2.73. The firm’s 50-day moving average price is $118.82 and its 200 day moving average price is $103.96. Alibaba Group Holding Ltd has a 12 month low of $73.30 and a 12 month high of $126.40.

Several analysts recently commented on BABA shares. Goldman Sachs Group Inc reaffirmed a “conviction-buy” rating and issued a $135.00 price objective on shares of Alibaba Group Holding in a report on Friday, March 17th. Royal Bank of Canada reissued a “buy” rating and set a $120.00 price target on shares of Alibaba Group Holding in a report on Tuesday, May 16th. Pacific Crest began coverage on Alibaba Group Holding in a report on Wednesday, March 22nd. They set an “overweight” rating and a $134.00 price target for the company. Zacks Investment Research lowered Alibaba Group Holding from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, Benchmark Co. began coverage on Alibaba Group Holding in a research note on Tuesday, April 18th. They issued a “buy” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. Alibaba Group Holding presently has an average rating of “Buy” and a consensus price target of $129.74. Alibaba Group Holding 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BABA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment