UMB Bank n.a. Sells 107 Shares of Alibaba Group Holding Limited $BABA

UMB Bank n.a. lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,100 shares of the specialty retailer’s stock after selling 107 shares during the quarter. UMB Bank n.a.’s holdings in Alibaba Group were worth $125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its holdings in Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Alibaba Group by 3,214.5% in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after acquiring an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 acquiring an additional 2,584,480 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Zacks Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Susquehanna increased their price target on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Jefferies Financial Group raised their price target on Alibaba Group from $165.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Wednesday, September 3rd. Finally, Robert W. Baird lifted their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $172.81.

Alibaba Group Trading Up 8.3%

Alibaba Group stock opened at $176.66 on Thursday. The stock has a 50-day moving average price of $132.17 and a 200 day moving average price of $124.18. The company has a market capitalization of $421.16 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.00 and a beta of 0.11. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $180.16. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19.

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.