Alibaba Group Holding Limited $BABA Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 220.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,358 shares of the specialty retailer’s stock after buying an additional 16,065 shares during the quarter. Bessemer Group Inc.’s holdings in Alibaba Group were worth $2,649,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd raised its stake in shares of Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after purchasing an additional 1,045,789 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Alibaba Group by 52.1% in the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after purchasing an additional 785,494 shares in the last quarter. Verde Servicos Internacionais S.A. raised its stake in shares of Alibaba Group by 6.9% in the 2nd quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock valued at $7,686,000 after purchasing an additional 4,373 shares in the last quarter. Causeway Capital Management LLC raised its stake in shares of Alibaba Group by 42.6% in the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock valued at $179,305,000 after purchasing an additional 404,842 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Alibaba Group in the 1st quarter valued at about $4,074,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $179.81 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm has a 50-day simple moving average of $159.30 and a 200 day simple moving average of $132.46. The company has a market cap of $429.03 billion, a PE ratio of 20.91, a P/E/G ratio of 2.36 and a beta of 0.18.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Barclays upped their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Susquehanna upped their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Finally, Bank of America boosted their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.18.

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.