The average one-year price target for Alibaba Group Holding Limited – Depositary Receipt (NYSE:BABA) has been revised to $186.13 / share, an increase of 10.72% from the prior estimate of $168.11. The latest targets range from $121.20 to $247.38 / share, representing a 3.47% increase from the closing price of $179.88 / share.

There are 1,686 funds or institutions reporting positions in Alibaba Group Holding Limited – Depositary Receipt, a decrease of 7.87% from the last quarter. The average portfolio weight is 0.69%, with total shares owned by institutions decreasing by 11.17% to 433,229K shares. The put/call ratio is 0.60, indicating a bullish outlook. Other shareholders like Kingstone Capital Partners Texas and Primecap Management have made changes to their portfolio allocations in BABA.

Goldman Sachs Group holds 12,675K shares of Alibaba Group Holding Limited – Depositary Receipt, with a portfolio allocation decrease of 11.47% over the last quarter. Fintel is a comprehensive investing research platform providing data on fundamentals, analyst reports, ownership data, fund sentiment, and more. Check out their exclusive stock picks powered by advanced quantitative models for improved profits. This story originally appeared on Fintel.

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