Alibaba Group Holding Limited $BABA Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 18.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,941 shares of the specialty retailer’s stock after acquiring an additional 754 shares during the quarter. Advisors Asset Management Inc.’s holdings in Alibaba Group were worth $653,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after buying an additional 2,584,480 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Alibaba Group by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock worth $390,885,000 after buying an additional 752,275 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Alibaba Group by 3,214.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock worth $578,992,000 after buying an additional 4,246,564 shares during the last quarter. Finally, Invesco Ltd. raised its position in Alibaba Group by 55.9% during the 1st quarter. Invesco Ltd. now owns 3,513,012 shares of the specialty retailer’s stock worth $464,526,000 after buying an additional 1,259,718 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BABA shares. Bank of America increased their price objective on shares of Alibaba Group from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Wednesday, September 3rd. Benchmark lifted their price objective on Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Mizuho boosted their price objective on Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Finally, Barclays upped their target price on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $167.40.

Alibaba Group Stock Down 2.2%

Alibaba Group stock opened at $143.86 on Thursday. 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 stock has a market capitalization of $342.99 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.05 and a beta of 0.11. The business has a 50 day simple moving average of $121.47 and a 200-day simple moving average of $122.30. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $148.43.

About Alibaba Group

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.