Jump Financial LLC Purchases New Holdings in Alibaba Group Holding Limited $BABA

Jump Financial LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 1st quarter, Holdings Channel reports. The fund purchased 117,572 shares of the specialty retailer’s stock, valued at approximately $15,547,000.

Several other large investors have also recently bought and sold shares of the stock. Accent Capital Management LLC boosted its position in Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after purchasing an additional 82 shares during the last quarter. Greenleaf Trust boosted its position in Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after purchasing an additional 85 shares during the last quarter. Marcum Wealth LLC boosted its position in Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer’s stock valued at $363,000 after purchasing an additional 86 shares during the last quarter. Principal Securities Inc. boosted its position in Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after purchasing an additional 89 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its position in Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock valued at $1,134,000 after purchasing an additional 93 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the subject of several recent research reports. Arete cut Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price target for the company. in a research report on Tuesday, June 24th. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Robert W. Baird cut their price objective on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Morgan Stanley set a $180.00 price objective on Alibaba Group in a research report on Wednesday, May 14th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.67.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $122.8530 on Friday. The firm has a market cap of $292.98 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.17. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $79.21 and a 1-year high of $148.43. The business’s 50 day moving average is $116.41 and its 200-day moving average is $121.16.

About Alibaba Group

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.