Alibaba Group Holding Limited (NYSE:BABA) has seen an increase in investment interest, with Certuity LLC raising its stake in the company by 122.2% during the third quarter, according to the company’s most recent 13F filing with the SEC. The fund now owns 113,704 shares of Alibaba Group, representing about 1.2% of its investment portfolio and making it the 23rd largest position. The value of Certuity LLC’s holdings in Alibaba Group stood at $9,863,000 as of the most recent filing with the SEC.
Additionally, other institutional investors and hedge funds have also made changes to their holdings of BABA. Princeton Global Asset Management LLC acquired a new position in Alibaba Group during the 3rd quarter, while Brown Shipley & Co Ltd increased its stake in the company by 3.2% during the 2nd quarter, now owning 6,565 shares valued at $27,000.
These developments indicate a growing interest in Alibaba Group Holding Limited, with several investors showing confidence in the company’s potential for value and growth.