Skandinaviska Enskilda Banken AB publ Purchases New Position in Alibaba Group Holding Limited $BABA

Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,000 shares of the specialty retailer’s stock, valued at approximately $1,965,000.

Several other large investors have also recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Alibaba Group during the third quarter worth $30,000. NBT Bank N A NY raised its stake in Alibaba Group by 231.5% during 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 lifted its holdings in Alibaba Group by 65.0% during the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Elkhorn Partners Limited Partnership grew its stake in Alibaba Group by 33.3% in 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. Finally, Richardson Financial Services Inc. grew its stake in Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 65 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.2%

NYSE:BABA opened at $154.60 on Friday. The company has a market cap of $369.10 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.39. Alibaba Group Holding Limited has a twelve month low of $95.73 and a twelve month high of $192.67. The business has a 50 day moving average price of $158.99 and a two-hundred day moving average price of $156.51. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BABA. JPMorgan Chase & Co. dropped their price target on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Freedom Capital downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, January 21st. Morgan Stanley reduced their price target on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.17.

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.