Brandes Investment Partners LP Increases Stock Position in Alibaba Group Holding Limited $BABA

Brandes Investment Partners LP increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 633,732 shares of the specialty retailer’s stock after purchasing an additional 80,079 shares during the period. Brandes Investment Partners LP’s holdings in Alibaba Group were worth $71,873,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC boosted its position in Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after acquiring an additional 49,010,087 shares in the last quarter. Primecap Management Co. CA lifted its stake in shares of Alibaba Group by 0.7% during the 2nd quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock worth $2,354,877,000 after purchasing an additional 140,579 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 purchasing an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 purchasing an additional 2,584,480 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Alibaba Group by 85.6% in the first 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 purchasing an additional 3,947,460 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 4.4%

NYSE:BABA opened at $164.27 on Tuesday. The company has a market capitalization of $391.97 billion, a P/E ratio of 19.10, a PEG ratio of 2.40 and a beta of 0.19. 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 firm has a fifty day simple moving average of $168.30 and a 200-day simple moving average of $139.18.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BABA shares. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, October 8th. Barclays upped their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Macquarie reissued an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Sanford C. Bernstein reduced their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.