Parkwood LLC Invests $9.73 Million in Alibaba Group Holding Limited $BABA

by · The Markets Daily

Parkwood LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 85,830 shares of the specialty retailer’s stock, valued at approximately $9,734,000.

A number of other hedge funds also recently bought and sold shares of BABA. Summit Securities Group LLC raised its position in shares of Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Alibaba Group in the 1st quarter worth $26,000. 1248 Management LLC purchased a new position in Alibaba Group during the 1st quarter worth $26,000. Rosenberg Matthew Hamilton acquired a new position in Alibaba Group during the 2nd quarter valued at about $26,000. Finally, NewSquare Capital LLC grew its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.3%

Shares of Alibaba Group stock opened at $156.79 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $374.11 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.44 and a beta of 0.33. The firm has a 50-day simple moving average of $165.25 and a two-hundred day simple moving average of $140.91.

Analysts Set New Price Targets

Several research firms have recently commented on BABA. Barclays lifted their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a report on Wednesday, November 26th. Robert W. Baird lifted their target price on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Bank of America upped their target price on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, CLSA upped their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $194.00.

Get Our Latest Report on Alibaba Group

Alibaba Group Company Profile

(Free Report)

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.

Featured Articles

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:BABA – Free Report).