Alibaba Group Holding Limited $BABA Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2,991.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,948 shares of the specialty retailer’s stock after acquiring an additional 279,600 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Alibaba Group were worth $51,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BABA. Rosenberg Matthew Hamilton purchased a new position in Alibaba Group during the second quarter worth approximately $26,000. Mather Group LLC. acquired a new stake in shares of Alibaba Group during the 3rd quarter worth $30,000. NBT Bank N A NY raised its position in shares of Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares during the period. NewSquare Capital LLC boosted its holdings in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership grew its position in Alibaba Group by 33.3% during the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 100 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BABA. Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a report on Wednesday, November 26th. Sanford C. Bernstein cut their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, October 8th. Bank of America raised their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Citigroup lifted their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.63.

Alibaba Group Stock Down 2.0%

Shares of Alibaba Group stock opened at $162.15 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $84.42 and a 1-year high of $192.67. The company has a market capitalization of $387.13 billion, a PE ratio of 22.40, a P/E/G ratio of 3.56 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50-day moving average of $156.02 and a 200-day moving average of $148.93.

Alibaba Group Profile

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.