Alibaba Group Holding Ltd (BABA) Shares Bought by Mitchell Capital Management Co.

Mitchell Capital Management Co. raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 3.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,083 shares of the specialty retailer’s stock after buying an additional 117 shares during the quarter. Mitchell Capital Management Co.’s holdings in Alibaba Group were worth $562,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Cornerstone Advisors Inc. increased its holdings in shares of Alibaba Group by 73.9% in the first quarter. Cornerstone Advisors Inc. now owns 3,749 shares of the specialty retailer’s stock valued at $684,000 after purchasing an additional 1,593 shares during the period. Gabelli Funds LLC increased its holdings in shares of Alibaba Group by 172.1% in the first quarter. Gabelli Funds LLC now owns 16,600 shares of the specialty retailer’s stock valued at $3,029,000 after purchasing an additional 10,500 shares during the period. Bedel Financial Consulting Inc. increased its holdings in shares of Alibaba Group by 22.7% in the first quarter. Bedel Financial Consulting Inc. now owns 433 shares of the specialty retailer’s stock valued at $79,000 after purchasing an additional 80 shares during the period. AIA Investment Management Private Ltd increased its holdings in shares of Alibaba Group by 7.0% in the first quarter. AIA Investment Management Private Ltd now owns 516,487 shares of the specialty retailer’s stock valued at $91,769,000 after purchasing an additional 33,681 shares during the period. Finally, AIA International Ltd increased its holdings in shares of Alibaba Group by 16.1% in the first quarter. AIA International Ltd now owns 1,715,574 shares of the specialty retailer’s stock valued at $304,823,000 after purchasing an additional 238,000 shares during the period. Institutional investors own 40.39% of the company’s stock.

A number of research analysts have recently weighed in on BABA shares. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Alibaba Group in a report on Monday, January 14th. HSBC increased their price objective on Alibaba Group from $177.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 14th. Zacks Investment Research lowered Alibaba Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. KeyCorp set a $200.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, SunTrust Banks reissued a “buy” rating and issued a $200.00 price objective (up from $180.00) on shares of Alibaba Group in a report on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $212.69.

Shares of BABA stock opened at $178.00 on Monday. The company has a market cap of $458.55 billion, a price-to-earnings ratio of 44.17, a price-to-earnings-growth ratio of 1.48 and a beta of 2.27. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $211.70.

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Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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