Global Retirement Partners LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,287 shares of the specialty retailer’s stock after buying an additional 560 shares during the period. Global Retirement Partners LLC’s holdings in Alibaba Group were worth $186,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pariax LLC increased its position in Alibaba Group by 0.3% during the 4th quarter. Pariax LLC now owns 30,255 shares of the specialty retailer’s stock worth $2,665,000 after purchasing an additional 98 shares in the last quarter. Ulland Investment Advisors LLC boosted its holdings in Alibaba Group by 54.1% in the 4th quarter. Ulland Investment Advisors LLC now owns 285 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 100 shares during the period. AllSquare Wealth Management LLC boosted its holdings in Alibaba Group by 23.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 535 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 100 shares during the period. Strengthening Families & Communities LLC boosted its holdings in Alibaba Group by 3.6% in the 4th quarter. Strengthening Families & Communities LLC now owns 3,352 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 115 shares during the period. Finally, Prospera Financial Services Inc boosted its holdings in Alibaba Group by 1.7% in the 4th quarter. Prospera Financial Services Inc now owns 7,291 shares of the specialty retailer’s stock worth $642,000 after acquiring an additional 123 shares during the period. Institutional investors own 13.33% of the company’s stock.
Alibaba Group Price Performance
Shares of NYSE BABA opened at $99.21 on Friday. Alibaba Group Holding Limited has a 1-year low of $58.01 and a 1-year high of $121.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.81 and a quick ratio of 1.81. The business’s fifty day moving average price is $90.44 and its two-hundred day moving average price is $92.21. The firm has a market capitalization of $254.55 billion, a PE ratio of 24.26, a P/E/G ratio of 0.69 and a beta of 0.68.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Susquehanna decreased their price target on Alibaba Group from $175.00 to $160.00 in a report on Tuesday, May 23rd. Bank of America upped their price target on Alibaba Group from $132.00 to $137.00 in a report on Wednesday, July 12th. Mizuho reduced their target price on Alibaba Group from $155.00 to $145.00 in a research note on Tuesday, May 9th. Sanford C. Bernstein cut Alibaba Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $130.00 to $98.00 in a research note on Tuesday, June 27th. Finally, HSBC reduced their target price on Alibaba Group from $143.00 to $140.00 in a research note on Friday, May 19th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $139.62.
View Our Latest Analysis on Alibaba Group
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.
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