Alibaba Group Holding Limited (NYSE:BABA) marched up 37.74% compared to a 52-week low price of $129.77. The shares were last seen trading 0.82% higher, taking the closing price at $178.74 on 7/26/2019. At a recent session, the prices were hovering between $176.88 and $179.4. This company shares are 21.88% off its target price of $217.84 and the current market capitalization stands at $461.59B. The recent change has given its price a 8.05% lead over SMA 50 and -8.93% deficit over its 52-week high. The stock witnessed 5.77% gains, -4.46% declines and 12.27% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BABA’s volatility during a week at 1.71% and during a month it has been found around 1.58%.

What Does Alibaba Group Holding Limited (BABA) Do?

The company describes itself in regulatory filings as, “Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.” [Text can be found here: under company description.]

Alibaba Group Holding Limited (BABA) Top Holders

Institutional investors currently hold around $187.56 billion or 42.7% in BABA stock. Look at its top three institutional owners: Blackrock Inc. owns $12.82 billion in Alibaba Group Holding Limited, which represents roughly 2.78% of the company’s market cap and approximately 6.83% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 59,723,596 shares of the stock are valued at $10.67 billion. The third largest holder is Baillie Gifford & Co, which currently holds $8.76 billion worth of this stock and that ownership represents nearly 1.9% of its market capitalization.

Alibaba Group Holding Limited 13F Filings

At the end of March reporting period, 817 institutional holders increased their position in Alibaba Group Holding Limited (NYSE:BABA) by some 88,733,581 shares, 558 decreased positions by 68,729,685 and 201 held positions by 891,882,499. That puts total institutional holdings at 1,049,000,000 shares, according to SEC filings. The stock grabbed 157 new institutional investments totaling 10,076,243 shares while 113 institutional investors sold out their entire positions totaling 20,862,043 shares.

Alibaba Group Holding Limited (BABA) Analyst Guide

Several analysts have released their opinion on Alibaba Group Holding Limited (NYSE:BABA), with 23 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 23 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.53 average brokerage recommendation [T1].