Bell & Brown Wealth Advisors LLC Boosts Stake in Alibaba Group Holding Limited $BABA

Bell & Brown Wealth Advisors LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,013 shares of the specialty retailer’s stock after buying an additional 297 shares during the period. Alibaba Group accounts for about 1.6% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Bell & Brown Wealth Advisors LLC’s holdings in Alibaba Group were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. lifted its holdings in Alibaba Group by 63.7% during the second quarter. Stratos Wealth Partners LTD. now owns 10,063 shares of the specialty retailer’s stock worth $1,141,000 after buying an additional 3,917 shares during the period. Private Trust Co. NA lifted its holdings in Alibaba Group by 25.3% during the second quarter. Private Trust Co. NA now owns 4,295 shares of the specialty retailer’s stock worth $487,000 after buying an additional 867 shares during the period. Aubrey Capital Management Ltd lifted its holdings in Alibaba Group by 27.3% during the second quarter. Aubrey Capital Management Ltd now owns 85,818 shares of the specialty retailer’s stock worth $9,733,000 after buying an additional 18,418 shares during the period. Angeles Wealth Management LLC lifted its holdings in Alibaba Group by 0.5% during the second quarter. Angeles Wealth Management LLC now owns 37,673 shares of the specialty retailer’s stock worth $4,272,000 after buying an additional 174 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Alibaba Group by 4.0% during the 2nd quarter. Nordea Investment Management AB now owns 1,340,818 shares of the specialty retailer’s stock valued at $150,936,000 after purchasing an additional 51,670 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the subject of several analyst reports. Barclays increased their price objective on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Nomura increased their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Citigroup reiterated a “buy” rating on shares of Alibaba Group in a report on Wednesday, September 24th. Finally, CLSA increased their price objective on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.06.

Alibaba Group Price Performance

Shares of BABA opened at $167.03 on Friday. The business’s 50-day moving average is $150.98 and its two-hundred day moving average is $128.65. The company has a market capitalization of $398.21 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.21 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67.

Alibaba Group Company 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.