Regal Partners Ltd Buys Shares of 9,000 Alibaba Group Holding Limited $BABA

Regal Partners Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABAFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,000 shares of the specialty retailer’s stock, valued at approximately $1,609,000.

Other hedge funds have also modified their holdings of the company. Ameriflex Group Inc. boosted its holdings in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 72 shares in the last quarter. Mather Group LLC. bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $30,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $30,000. NBT Bank N A NY lifted its position in Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its position in Alibaba Group by 34.4% during 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 last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Trading Up 0.5%

NYSE BABA opened at $130.98 on Friday. The company has a fifty day simple moving average of $157.47 and a two-hundred day simple moving average of $157.96. The stock has a market cap of $312.70 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.86 and a beta of 0.43. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Macquarie Infrastructure reiterated an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Citigroup raised their price objective on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Erste Group Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings lowered Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.17.

Get Our Latest Stock Analysis on Alibaba Group

Alibaba Group Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.