231 Shares in Alibaba Group Holding Limited $BABA Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, HoldingsChannel reports. The fund bought 231 shares of the specialty retailer’s stock, valued at approximately $26,000.

Several other large investors have also recently added to or reduced their stakes in the business. Accent Capital Management LLC grew its stake in Alibaba Group by 5.5% in the first 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 in the last quarter. Greenleaf Trust raised its position in Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after acquiring an additional 85 shares in the last quarter. Principal Securities Inc. raised its position in Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after acquiring an additional 89 shares in the last quarter. CWM LLC raised its position in Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after acquiring an additional 92 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its position in Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock valued at $1,134,000 after acquiring an additional 93 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

NYSE BABA opened at $165.07 on Friday. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month 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 stock has a market capitalization of $393.54 billion, a PE ratio of 19.19, a P/E/G ratio of 2.22 and a beta of 0.18. The stock has a 50-day simple moving average of $150.05 and a 200 day simple moving average of $128.42.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent research reports. Robert W. Baird raised their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Benchmark boosted their price target on Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Barclays boosted their price target on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Susquehanna boosted their price target on Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

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.