Sycomore Asset Management’s most recent filing with the Securities and Exchange Commission relates to Alibaba Group Holding Ltd (NYSE: BABA), which Sycomore Asset Management acquired as a new investment during the last quarter of 2017.
The fund invested close to $154,000 to purchase 1,800 shares of the specialty retailer’s stock, and the total cost of this transaction was close to $154,000.
Regarding the stock, several analysts have recently published their analysis of it. Robert W.
Baird lowered their price objective on Alibaba Group shares from $140.00 to $120.00 in a research report published on Friday, November 18th.
The report was made available to the public.
Before this adjustment, the price target was set at $140.00. Citigroup raised its price objective on Alibaba Group shares from $144,000.00 to $160,000.00.
It upgraded the stock from a “hold” rating to a “buy” rating in a research report released on Tuesday, January 10th.
In a report distributed on Friday, November 18th, UBS Group decreased their “buy” rating and price objective on Alibaba Group shares from $140.00 to $135.00.
The report was made public.
The Alibaba Group was the subject of the report. Goldman Sachs Group raised their previous rating of “buy” for the shares of Alibaba Group to a rating of “conviction buy” in a research note published on January 8th by the company. Susquehanna decreased their price objective on Alibaba Group from $185.00 to $175.00 and rated the company as “positive” in a research report published on Tuesday, February 28th.
The agenda was complete, and this was the final and most important item. One of the equity research analysts recommended holding onto the stock; fourteen gave the stock a buy rating, and one gave the stock a strong buy rating.
According to information from Bloomberg.com, the consensus view on the company’s stock calls for a purchase rating of “buy” and a price objective of $148.13.
This is the price objective that has been set for the stock.
Institutional investors and other hedge funds have bought and sold company shares in recent transactions.
These transactions involve the company’s stock.
A further investment of $25,000 was made in Alibaba Group by New Millennium Group LLC during the second quarter.
The value of the new investment in Alibaba Group that Desjardins Global Asset Management INC made during the second quarter was approximately $38,000. Sargent Bickham Lagudis LLC increased the amount of Alibaba Group stock it owned during the third quarter to 183.5%, bringing the total to that percentage. Sargent Bickham Lagudis LLC now has a total ownership stake in the specialty retailer equal to 516 shares worth $41,000 after purchasing an additional 334 shares during the most recent quarter.
This brings the total number of shares that the company owns to 704.
During the third quarter, Ameliora Wealth Management Ltd contributed to forming a new holding in Alibaba Group, amounting to $42,000.
And finally, during the first three months of 2018, Fairfield Bush & Co acquired a new position in Alibaba Group for roughly $53,000.
This was the company’s third investment in the company. Shares of the company are held collectively by hedge funds and other types of institutional investors to the extent of 13.86%.
On Thursday, BABA stock began trading for the first time, and it did so at an opening price of $81.51.
In the past year, Alibaba Group Holding Limited’s share price has ranged from a low of $58.01 to a high of $125.84.
The current price of Alibaba Group Holding Limited is $125.84.
The stock has a price-to-earnings ratio currently sitting at 44.79, a PEG ratio currently sitting at 1.05, and a beta value currently sitting at 0.63; its market capitalization is currently sitting at $215.85 billion.
This results in a debt-to-equity ratio of 0.13, a quick ratio of 1.74, a current ratio of 1.74, and a quick ratio of 1.74.
The stock’s price has averaged $103.12 over the past fifty trading days, while over the past two hundred trading days, it has traded at an average price of $89.20.
Not only does Alibaba Group Holding Ltd offer a technological foundation, but it also has a significant presence in the marketing world. How it conducts its business can be broken down into the following categories: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives, among others.
Are you curious or interested in learning more about the other hedge funds holding positions in BABA? On HoldingsChannel.com, you can obtain information regarding the most recent 13F filings and insider trades for Alibaba Group Holding Limited.