ProShare Advisors LLC Has $13.77 Million Holdings in Alibaba Group Holding Limited $BABA

ProShare Advisors LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 29.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,036 shares of the specialty retailer’s stock after acquiring an additional 17,616 shares during the period. ProShare Advisors LLC’s holdings in Alibaba Group were worth $13,769,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BABA. Primecap Management Co. CA grew its holdings in shares of Alibaba Group by 0.7% during the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock worth $2,354,877,000 after purchasing an additional 140,579 shares during the last quarter. Fisher Asset Management LLC lifted its position in Alibaba Group by 8.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock worth $597,381,000 after buying an additional 390,883 shares in the last quarter. Norges Bank acquired a new position in Alibaba Group during the 2nd quarter worth about $527,243,000. Discerene Group LP grew its holdings in Alibaba Group by 0.6% during the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after acquiring an additional 18,400 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Alibaba Group by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock valued at $287,954,000 after acquiring an additional 245,970 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of a number of research reports. Mizuho set a $195.00 target price on shares of Alibaba Group in a research report on Wednesday, October 22nd. Jefferies Financial Group lowered their price target on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Loop Capital set a $140.00 price objective on Alibaba Group in a report on Tuesday, January 6th. Macquarie Infrastructure reiterated an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Nomura boosted their target price on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

View Our Latest Stock Report on BABA

Key Stories Impacting Alibaba Group

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Alibaba Group Stock Up 2.2%

Shares of Alibaba Group stock opened at $166.55 on Wednesday. The business has a fifty day simple moving average of $159.08 and a 200 day simple moving average of $154.63. The stock has a market cap of $397.62 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.39. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month high of $192.67.

About Alibaba Group

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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

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