Wilson Asset Management International PTY Ltd. Boosts Stake in Alibaba Group Holding Limited $BABA

Wilson Asset Management International PTY Ltd. increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,256 shares of the specialty retailer’s stock after purchasing an additional 10,416 shares during the period. Alibaba Group makes up 1.8% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 24th biggest position. Wilson Asset Management International PTY Ltd.’s holdings in Alibaba Group were worth $7,287,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. 1248 Management LLC acquired a new stake in Alibaba Group during the first quarter valued at $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group during the first quarter valued at $26,000. Summit Securities Group LLC grew its position in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new stake in Alibaba Group during the first quarter valued at $26,000. Finally, Hazlett Burt & Watson Inc. grew its position in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of BABA stock opened at $166.75 on Tuesday. 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 firm’s 50-day moving average is $147.35 and its two-hundred day moving average is $127.68. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a market capitalization of $397.55 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.99 and a beta of 0.18.

Wall Street Analyst Weigh In

Several analysts recently commented on BABA shares. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Wednesday, September 3rd. Citigroup reiterated a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. CLSA lifted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. UBS Group reiterated a “buy” rating and issued a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Finally, Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $188.06.

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.