Voya Investment Management LLC Has $60.16 Million Stock Holdings in Alibaba Group Holding Limited $BABA

Voya Investment Management LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,048.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 454,980 shares of the specialty retailer's stock after purchasing an additional 415,380 shares during the period. Voya Investment Management LLC's holdings in Alibaba Group were worth $60,162,000 as of its most recent filing with the SEC.

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Other hedge funds and other institutional investors have also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. acquired a new position in shares of Alibaba Group in the 1st quarter worth approximately $26,000. Summit Securities Group LLC lifted its position in shares of Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Alibaba Group in the 1st quarter worth approximately $26,000. 1248 Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter worth approximately $26,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Alibaba Group by 1,960.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BABA shares. Bank of America lifted their price objective on shares of Alibaba Group from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Citigroup lifted their price objective on shares of Alibaba Group from $148.00 to $187.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Barclays lifted their price objective on shares of Alibaba Group from $145.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Alibaba Group from $165.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $167.40.

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Read Our Latest Research Report on Alibaba Group

Alibaba Group Stock Performance

Shares of BABA stock opened at $155.02 on Friday. The firm has a market capitalization of $369.60 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.17 and a beta of 0.11. The firm has a fifty day simple moving average of $123.33 and a two-hundred day simple moving average of $122.63. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $156.85.

Alibaba Group Company Profile

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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.

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