Bank Julius Baer & Co. Ltd Zurich Boosts Stock Holdings in Alibaba Group Holding Limited $BABA

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,014 shares of the specialty retailer’s stock after buying an additional 9,716 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alibaba Group were worth $4,198,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 981 shares in the last quarter. Victory Capital Management Inc. increased its stake in Alibaba Group by 25.8% in the 1st quarter. Victory Capital Management Inc. now owns 15,770 shares of the specialty retailer’s stock worth $2,085,000 after acquiring an additional 3,233 shares during the last quarter. Choreo LLC raised its holdings in shares of Alibaba Group by 33.4% in the 1st quarter. Choreo LLC now owns 8,297 shares of the specialty retailer’s stock valued at $1,097,000 after acquiring an additional 2,078 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Alibaba Group by 11.3% during the 1st quarter. Venturi Wealth Management LLC now owns 2,202 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 223 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of Alibaba Group by 8.3% during the 1st quarter. Wedbush Securities Inc. now owns 4,149 shares of the specialty retailer’s stock valued at $549,000 after acquiring an additional 317 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Bank of America lifted their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Benchmark raised their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Mizuho set a $195.00 price objective on shares of Alibaba Group in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Finally, Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.18.

Alibaba Group Price Performance

BABA stock opened at $153.08 on Friday. The firm has a market cap of $365.26 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.40 and a beta of 0.19. The firm’s fifty day moving average is $168.71 and its 200 day moving average is $137.72. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45.

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.