Claro Advisors LLC Purchases 890 Shares of Alibaba Group Holding Limited $BABA

Claro Advisors LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 56.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,473 shares of the specialty retailer’s stock after acquiring an additional 890 shares during the quarter. Claro Advisors LLC’s holdings in Alibaba Group were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Accent Capital Management LLC increased its stake in shares of Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after purchasing an additional 82 shares during the last quarter. Greenleaf Trust lifted its position in shares of Alibaba Group by 1.0% during the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock worth $1,102,000 after buying an additional 85 shares during the last quarter. CWM LLC boosted its stake in Alibaba Group by 0.8% in the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after buying an additional 92 shares in the last quarter. Fifth Third Bancorp grew its position in Alibaba Group by 1.0% in the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after acquiring an additional 94 shares during the last quarter. Finally, EWG Elevate Inc. boosted its stake in shares of Alibaba Group by 5.2% in the 2nd quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer’s stock valued at $224,000 after purchasing an additional 98 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on BABA shares. UBS Group reissued a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Arete raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Wednesday, September 3rd. Sanford C. Bernstein upped their target price on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Jefferies Financial Group upped their price objective on Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.18.

Alibaba Group Stock Up 1.8%

Alibaba Group stock opened at $167.79 on Friday. The firm has a market cap of $400.35 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.40 and a beta of 0.19. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50 day moving average price of $164.85 and a two-hundred day moving average price of $134.71.

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.