Shelton Capital Management purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,211 shares of the specialty retailer’s stock, valued at approximately $1,591,000.

Several other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors increased its stake in Alibaba Group by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after buying an additional 738,281 shares in the last quarter. FMR LLC increased its stake in Alibaba Group by 42.5% during the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after buying an additional 7,544,165 shares in the last quarter. Jennison Associates LLC increased its stake in Alibaba Group by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after buying an additional 661,109 shares in the last quarter. Capital World Investors increased its stake in Alibaba Group by 5.7% during the 2nd quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after buying an additional 1,091,620 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Alibaba Group by 5.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after buying an additional 626,446 shares in the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Alibaba Group Holding Limited (BABA) opened at $173.55 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.75. The company has a market capitalization of $439,878.22, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 1.30 and a beta of 2.52.

BABA has been the subject of several research reports. Stifel Nicolaus boosted their price objective on Alibaba Group from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Goldman Sachs Group reiterated a “buy” rating and set a $208.00 price objective (up from $200.00) on shares of Alibaba Group in a research note on Sunday, August 20th. Needham & Company LLC boosted their price objective on Alibaba Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. UBS boosted their price objective on Alibaba Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, Bank of America boosted their price objective on Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $185.14.

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Alibaba Group 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.

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

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