Beverly Hills Private Wealth LLC Acquires 909 Shares of Alibaba Group Holding Limited $BABA

Beverly Hills Private Wealth LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 18,378 shares of the specialty retailer’s stock after purchasing an additional 909 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Alibaba Group were worth $2,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BABA. Kingstone Capital Partners Texas LLC increased its position in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after buying an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after buying an additional 2,584,480 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after acquiring an additional 3,947,460 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in Alibaba Group by 23.4% in the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent analyst reports. Benchmark boosted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Mizuho boosted their price target on Alibaba Group from $149.00 to $159.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Barclays raised their price objective on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Jefferies Financial Group boosted their target price on Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $167.03 on Monday. The firm has a market cap of $398.21 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.18. The business’s 50 day moving average is $150.98 and its 200-day moving average is $128.64. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year 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.