Boston Partners Acquires 27,312 Shares of Alibaba Group Holding Limited $BABA

Boston Partners boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 120.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,989 shares of the specialty retailer’s stock after buying an additional 27,312 shares during the quarter. Boston Partners’ holdings in Alibaba Group were worth $5,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BABA. 1248 Management LLC bought a new stake in shares of Alibaba Group in the first quarter worth approximately $26,000. North Ridge Wealth Advisors Inc. purchased a new stake in Alibaba Group in the first quarter worth approximately $26,000. Summit Securities Group LLC grew its position in Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares during the period. Ransom Advisory Ltd purchased a new stake in Alibaba Group during the 1st quarter valued at $26,000. Finally, Rosenberg Matthew Hamilton bought a new position in shares of Alibaba Group during the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

NYSE BABA opened at $157.19 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The stock has a market cap of $375.06 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.40 and a beta of 0.19. The company’s 50 day moving average is $168.30 and its two-hundred day moving average is $138.80.

Analysts Set New Price Targets

BABA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group raised their target price on Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Nomura upped their price target on shares of Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. CLSA increased their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Citigroup boosted their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.89.

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.