KBC Group NV lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 868,687 shares of the specialty retailer’s stock after acquiring an additional 99,549 shares during the quarter. Alibaba Group accounts for 1.4% of KBC Group NV’s portfolio, making the stock its 6th largest position. KBC Group NV’s holdings in Alibaba Group were worth $150,031,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new position in Alibaba Group in the 2nd quarter worth about $102,000. First Eagle Investment Management LLC purchased a new position in Alibaba Group in the 3rd quarter worth about $104,000. Lee Financial Co increased its stake in Alibaba Group by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC increased its stake in Alibaba Group 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 buying an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new position in Alibaba Group in the 2nd quarter worth about $116,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) opened at $179.91 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.75. The stock has a market cap of $478,141.84, a P/E ratio of 54.27, a PEG ratio of 1.41 and a beta of 2.61.

Several research analysts recently commented on the stock. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of Alibaba Group in a research note on Monday, October 16th. Needham & Company LLC raised their target price on shares of Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Oppenheimer reissued an “outperform” rating and set a $190.00 target price (up previously from $165.00) on shares of Alibaba Group in a research report on Friday, August 25th. Vetr downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 target price on the stock. in a research report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $184.52.

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About Alibaba Group

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 (NYSE:BABA)

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