Alibaba Group Holding Limited (BABA) Shares Bought by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 1,215.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,697 shares of the specialty retailer’s stock after buying an additional 259,355 shares during the quarter. Alibaba Group comprises 2.1% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 20th biggest holding. Zevenbergen Capital Investments LLC’s holdings in Alibaba Group were worth $48,479,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BABA. AJO LP raised its holdings in Alibaba Group by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after purchasing an additional 47,324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Alibaba Group by 18.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after purchasing an additional 16,528 shares during the last quarter. Good Life Advisors LLC bought a new stake in Alibaba Group during the 2nd quarter worth about $218,000. Pitcairn Co. bought a new stake in Alibaba Group during the 3rd quarter worth about $3,218,000. Finally, Aperio Group LLC raised its holdings in Alibaba Group by 10.6% during the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after purchasing an additional 18,663 shares during the last quarter. 37.39% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Limited (BABA) opened at $191.19 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.75. The stock has a market capitalization of $489,667.06, a P/E ratio of 55.58, a P/E/G ratio of 1.45 and a beta of 2.61.

BABA has been the subject of several recent research reports. Barclays PLC boosted their price objective on Alibaba Group to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $173.25 target price for the company in a research report on Tuesday, August 15th. Stifel Nicolaus boosted their target price on Alibaba Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $160.00 target price on shares of Alibaba Group in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $184.45.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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