Missouri Trust & Investment Co Has $1.50 Million Holdings in Alibaba Group Holding Limited $BABA

Missouri Trust & Investment Co raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,200 shares of the specialty retailer’s stock after buying an additional 375 shares during the quarter. Missouri Trust & Investment Co’s holdings in Alibaba Group were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC boosted its stake in 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 acquiring an additional 49,010,087 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in 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 worth $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 purchasing an additional 3,947,460 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after buying an additional 1,045,789 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 8.3%

Shares of BABA stock opened at $176.66 on Thursday. The firm’s fifty day moving average price is $132.17 and its two-hundred day moving average price is $124.18. 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 $180.16. The firm has a market capitalization of $421.16 billion, a P/E ratio of 20.54, a PEG ratio of 2.00 and a beta of 0.11.

Analyst Ratings Changes

Several research analysts have weighed in on BABA shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $160.00 target price on shares of Alibaba Group in a report on Saturday, August 30th. Zacks Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Wall Street Zen lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. UBS Group restated a “buy” rating and set a $162.00 target price on shares of Alibaba Group in a report on Sunday, August 31st. Finally, Jefferies Financial Group upped their price target on shares of Alibaba Group from $165.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $172.81.

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.