Alibaba Group Holding Limited $BABA Shares Purchased by Focus Partners Wealth

Focus Partners Wealth lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 23.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,993 shares of the specialty retailer’s stock after purchasing an additional 3,456 shares during the quarter. Focus Partners Wealth’s holdings in Alibaba Group were worth $2,379,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its position in Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after acquiring an additional 1,045,789 shares during the period. American Century Companies Inc. lifted its position in Alibaba Group by 52.1% during the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock worth $303,215,000 after acquiring an additional 785,494 shares during the period. Causeway Capital Management LLC lifted its position in Alibaba Group by 42.6% during the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after acquiring an additional 404,842 shares during the period. WCM Investment Management LLC acquired a new stake in Alibaba Group during the 1st quarter worth approximately $4,074,000. Finally, KMG Fiduciary Partners LLC acquired a new stake in Alibaba Group during the 1st quarter worth approximately $1,948,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Alibaba Group in a research report on Sunday, August 31st. Barclays increased their price objective on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Arete Research raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Robert W. Baird raised their price target on Alibaba Group from $142.00 to $153.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $167.40.

Alibaba Group Price Performance

BABA stock opened at $162.11 on Wednesday. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $163.00. The stock’s fifty day simple moving average is $125.45 and its 200-day simple moving average is $122.87. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $386.48 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.11.

Alibaba Group 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.