Ameritas Advisory Services LLC Invests $112,000 in Alibaba Group Holding Limited $BABA

Ameritas Advisory Services LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 983 shares of the specialty retailer’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Accent Capital Management LLC lifted its stake in shares of Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock worth $209,000 after buying an additional 82 shares during the period. Greenleaf Trust lifted its stake in shares of Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock worth $1,102,000 after buying an additional 85 shares during the period. Principal Securities Inc. lifted its stake in shares of Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock worth $2,225,000 after buying an additional 89 shares during the period. Institute for Wealth Management LLC. lifted its stake in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock worth $1,134,000 after buying an additional 93 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Alibaba Group by 1.0% during the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock worth $1,109,000 after buying an additional 94 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on BABA shares. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Benchmark lifted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a report on Wednesday, September 3rd. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a report on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and an average target price of $185.71.

Alibaba Group Stock Down 4.2%

BABA stock opened at $173.60 on Friday. The stock has a market capitalization of $413.88 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.14 and a beta of 0.18. The firm has a 50-day simple moving average of $145.53 and a 200-day simple moving average of $127.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67.

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.