Alibaba Group Holding Limited $BABA Shares Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,773 shares of the specialty retailer’s stock after buying an additional 4,373 shares during the period. Alibaba Group comprises 3.4% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 16th largest holding. Verde Servicos Internacionais S.A.’s holdings in Alibaba Group were worth $7,686,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 worth $2,069,144,000 after buying an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after buying an additional 2,584,480 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alibaba Group by 85.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after buying an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd increased its stake in shares of Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BABA shares. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Citigroup reissued a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. UBS Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Arete Research raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price objective on shares of Alibaba Group in a report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $185.71.

Alibaba Group Trading Down 4.2%

NYSE:BABA opened at $173.60 on Friday. The business’s 50-day moving average is $145.53 and its two-hundred day moving average is $127.35. The firm has a market capitalization of $413.88 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.14 and a beta of 0.18. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

About Alibaba Group

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.