Callan Family Office LLC Purchases 3,789 Shares of Alibaba Group Holding Limited $BABA

Callan Family Office LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 164.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,090 shares of the specialty retailer’s stock after acquiring an additional 3,789 shares during the period. Callan Family Office LLC’s holdings in Alibaba Group were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fluent Financial LLC boosted its holdings in Alibaba Group by 99.2% in the second quarter. Fluent Financial LLC now owns 18,315 shares of the specialty retailer’s stock worth $2,077,000 after purchasing an additional 9,122 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $201,000. Castle Rock Wealth Management LLC purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $270,000. Winthrop Advisory Group LLC lifted its stake in shares of Alibaba Group by 49.1% during the 2nd quarter. Winthrop Advisory Group LLC now owns 3,445 shares of the specialty retailer’s stock valued at $398,000 after buying an additional 1,134 shares in the last quarter. Finally, Triasima Portfolio Management inc. lifted its stake in shares of Alibaba Group by 22.9% during the 2nd quarter. Triasima Portfolio Management inc. now owns 25,450 shares of the specialty retailer’s stock valued at $2,886,000 after buying an additional 4,740 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Citigroup restated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. Barclays upped their price objective on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Wednesday, September 3rd. Finally, Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $188.06.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $166.75 on Tuesday. The firm has a 50-day simple moving average of $147.35 and a 200-day simple moving average of $127.68. The stock has a market capitalization of $397.55 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.99 and a beta of 0.18. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67.

Alibaba Group Profile

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.