Alibaba Group Holding Limited $BABA Shares Acquired by Rothschild Investment LLC

Rothschild Investment LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,147 shares of the specialty retailer’s stock after acquiring an additional 370 shares during the period. Rothschild Investment LLC’s holdings in Alibaba Group were worth $243,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays increased their price objective on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. JPMorgan Chase & Co. reduced their price target on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. CLSA upped their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $160.05 on Wednesday. The stock’s 50-day simple moving average is $168.49 and its 200-day simple moving average is $137.27. The firm has a market capitalization of $381.89 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week 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.

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.