Blue Trust Inc. Purchases 258 Shares of Alibaba Group Holding Limited $BABA

Blue Trust Inc. lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,857 shares of the specialty retailer’s stock after acquiring an additional 258 shares during the quarter. Blue Trust Inc.’s holdings in Alibaba Group were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC raised its position in shares of Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after acquiring an additional 49,010,087 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 worth $2,069,144,000 after acquiring an additional 2,885,154 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alibaba Group by 43.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after acquiring an additional 2,584,480 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alibaba Group by 85.6% during 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 acquiring an additional 3,947,460 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its position in shares of Alibaba Group by 23.4% during the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after acquiring an additional 1,045,789 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Down 8.6%

Shares of Alibaba Group stock opened at $158.76 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The stock has a 50 day moving average price of $146.36 and a two-hundred day moving average price of $127.53. The stock has a market capitalization of $378.50 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.18.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. Sanford C. Bernstein raised their price objective on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Benchmark raised their target price on Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. decreased their target price on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One research 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $188.06.

Alibaba Group Company 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.