Brookstone Capital Management Has $225,000 Holdings in Alibaba Group Holding Limited $BABA

Brookstone Capital Management lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 27.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,983 shares of the specialty retailer’s stock after selling 754 shares during the quarter. Brookstone Capital Management’s holdings in Alibaba Group were worth $225,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BABA. Brighton Jones LLC grew its position in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 981 shares in the last quarter. Bessemer Group Inc. boosted its stake in Alibaba Group by 788.3% in the first quarter. Bessemer Group Inc. now owns 7,293 shares of the specialty retailer’s stock worth $964,000 after purchasing an additional 6,472 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Alibaba Group during the 1st quarter worth about $288,000. Valley National Advisers Inc. grew its holdings in Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 161 shares during the last quarter. Finally, Argent Advisors Inc. bought a new position in shares of Alibaba Group in the 1st quarter valued at about $243,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 1.5%

Shares of NYSE BABA opened at $176.84 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a market cap of $421.95 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.40 and a beta of 0.18. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The stock has a 50-day moving average price of $158.10 and a two-hundred day moving average price of $131.95.

Analysts Set New Price Targets

Several research analysts recently weighed in on BABA shares. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Mizuho set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, October 22nd. Sanford C. Bernstein lifted their price objective on shares of Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $190.18.

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.