Magnetar Financial LLC Buys 145,049 Shares of Alibaba Group Holding Limited (BABA)

Magnetar Financial LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 118.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,049 shares of the specialty retailer’s stock after acquiring an additional 145,049 shares during the period. Magnetar Financial LLC’s holdings in Alibaba Group were worth $3,981,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Alibaba Group by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares during the last quarter. Third Point LLC acquired a new position in shares of Alibaba Group in the second quarter worth $634,050,000. Hillhouse Capital Management Ltd. increased its stake in shares of Alibaba Group by 38,449.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after acquiring an additional 3,561,187 shares during the last quarter. Boussard & Gavaudan Investment Management LLP increased its stake in shares of Alibaba Group by 37.1% in the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares during the last quarter. Finally, Egerton Capital UK LLP acquired a new position in shares of Alibaba Group in the third quarter worth $507,041,000. Institutional investors own 38.13% of the company’s stock.

Several equities analysts have commented on the stock. Bank of America increased their target price on shares of Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Macquarie increased their target price on shares of Alibaba Group from $171.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Susquehanna Bancshares assumed coverage on shares of Alibaba Group in a research report on Wednesday. They set a “positive” rating and a $220.00 target price on the stock. SunTrust Banks assumed coverage on shares of Alibaba Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price on the stock. Finally, KeyCorp set a $182.00 target price on shares of Alibaba Group and gave the stock an “overweight” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $185.14.

Alibaba Group Holding Limited (NYSE BABA) opened at $172.63 on Thursday. The company has a market cap of $432,732.59, a PE ratio of 49.12, a price-to-earnings-growth ratio of 1.28 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/07/magnetar-financial-llc-buys-145049-shares-of-alibaba-group-holding-limited-baba.html.

About Alibaba Group

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.

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).

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

What are top analysts saying about Alibaba Group Holding Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alibaba Group Holding Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit