WIM Asset Management HK Ltd Invests $55.37 Million in Alibaba Group Holding Ltd (BABA) Stock

WIM Asset Management HK Ltd bought a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the fourth quarter, Holdings Channel reports. The firm bought 321,100 shares of the specialty retailer’s stock, valued at approximately $55,367,000. Alibaba Group comprises about 23.6% of WIM Asset Management HK Ltd’s portfolio, making the stock its largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC bought a new stake in Alibaba Group in the third quarter valued at about $104,000. Lorber David A bought a new stake in Alibaba Group during the third quarter worth about $109,000. San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group during the second quarter worth about $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Alibaba Group by 29.0% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after buying an additional 200 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Alibaba Group by 22.3% during the second quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock worth $139,000 after buying an additional 179 shares during the last quarter. 37.94% of the stock is owned by hedge funds and other institutional investors.

BABA has been the topic of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $205.00 price objective on shares of Alibaba Group in a research note on Friday, October 20th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Wednesday, November 8th. Needham & Company LLC increased their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. Finally, Oppenheimer reissued a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Alibaba Group in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and an average target price of $186.06.

Alibaba Group Holding Ltd (NYSE BABA) opened at $188.55 on Wednesday. The firm has a market cap of $481,420.00, a price-to-earnings ratio of 52.38, a P/E/G ratio of 1.44 and a beta of 2.52. Alibaba Group Holding Ltd has a 12-month low of $94.80 and a 12-month high of $192.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

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Alibaba Group Company 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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