OneAscent Family Office LLC Has $441,000 Holdings in Alibaba Group Holding Limited $BABA

OneAscent Family Office LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 116.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,888 shares of the specialty retailer’s stock after acquiring an additional 2,095 shares during the period. OneAscent Family Office LLC’s holdings in Alibaba Group were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BABA. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group during the first quarter worth $26,000. Summit Securities Group LLC increased its position in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Alibaba Group during the 1st quarter worth approximately $26,000. 1248 Management LLC acquired a new position in Alibaba Group during the first quarter worth $26,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Alibaba Group during the 2nd quarter worth about $26,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $164.91 on Thursday. The business’s 50-day moving average price is $163.88 and its two-hundred day moving average price is $134.48. The stock has a market cap of $393.48 billion, a P/E ratio of 19.18, a PEG ratio of 2.40 and a beta of 0.19. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BABA shares. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Mizuho set a $195.00 price target on Alibaba Group in a report on Wednesday, October 22nd. Susquehanna boosted their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Bank of America upped their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Nomura boosted their target price on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

About Alibaba Group

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.