Mutual Advisors LLC Buys 130 Shares of Alibaba Group Holding Limited $BABA

Mutual Advisors LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,948 shares of the specialty retailer’s stock after acquiring an additional 130 shares during the period. Mutual Advisors LLC’s holdings in Alibaba Group were worth $474,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BABA. North Ridge Wealth Advisors Inc. bought a new stake in shares of Alibaba Group in the 1st quarter worth about $26,000. Summit Securities Group LLC lifted its holdings in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Alibaba Group in the first quarter valued at about $26,000. 1248 Management LLC bought a new stake in Alibaba Group during the first quarter worth about $26,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after buying an additional 196 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 1.2%

Shares of BABA opened at $167.03 on Monday. The stock’s fifty day simple moving average is $150.98 and its 200-day simple moving average is $128.64. The firm has a market capitalization of $398.21 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.18. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BABA. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Robert W. Baird boosted their price objective on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Bank of America lifted their price target on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target 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.