Alibaba Group Holding Limited $BABA Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 26.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,395 shares of the specialty retailer’s stock after buying an additional 120,732 shares during the quarter. Baird Financial Group Inc.’s holdings in Alibaba Group were worth $65,482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group during the first quarter worth about $26,000. Summit Securities Group LLC increased its position in shares of Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 59,000 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $26,000. 1248 Management LLC purchased a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $26,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Alibaba Group in the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $157.47 on Friday. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The firm has a market capitalization of $375.74 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.43 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The company’s fifty day moving average price is $167.53 and its 200 day moving average price is $139.70.

Analyst Upgrades and Downgrades

BABA has been the topic of several research reports. Macquarie reissued an “outperform” rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Benchmark reaffirmed a “buy” rating and issued a $195.00 price target on shares of Alibaba Group in a research report on Tuesday, November 25th. Wall Street Zen downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, UBS Group reiterated a “buy” rating and issued a $162.00 price target on shares of Alibaba Group in a research note on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $191.89.

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.