Alibaba Group Holding Limited $BABA Shares Purchased by West Family Investments Inc.

West Family Investments Inc. raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 54.7% during the second quarter, Holdings Channel.com reports. The firm owned 10,304 shares of the specialty retailer’s stock after buying an additional 3,645 shares during the period. West Family Investments Inc.’s holdings in Alibaba Group were worth $1,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd boosted its holdings in shares of Alibaba Group by 23.4% during the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after purchasing an additional 1,045,789 shares during the last quarter. American Century Companies Inc. lifted its position in Alibaba Group by 52.1% during the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock worth $303,215,000 after buying an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. boosted its stake in Alibaba Group by 6.9% in the 2nd quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after buying an additional 4,373 shares during the last quarter. Causeway Capital Management LLC grew its holdings in Alibaba Group by 42.6% in the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock valued at $179,305,000 after buying an additional 404,842 shares during the period. Finally, Ninety One UK Ltd acquired a new position in shares of Alibaba Group during the 2nd quarter valued at about $15,318,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 0.3%

Shares of BABA opened at $157.19 on Friday. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The stock’s 50-day moving average is $168.30 and its two-hundred day moving average is $138.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $375.06 billion, a PE ratio of 18.28, a P/E/G ratio of 2.40 and a beta of 0.19.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BABA shares. Bank of America raised their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Wednesday, September 3rd. Barclays increased their target price on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday. Susquehanna boosted their price target on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $191.89.

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.