BSW Wealth Partners Raises Stock Holdings in Alibaba Group Holding Limited $BABA

BSW Wealth Partners grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,785 shares of the specialty retailer’s stock after acquiring an additional 149 shares during the quarter. BSW Wealth Partners’ holdings in Alibaba Group were worth $202,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Accent Capital Management LLC increased its holdings in Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock worth $209,000 after acquiring an additional 82 shares in the last quarter. Greenleaf Trust increased 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 purchasing an additional 85 shares in the last quarter. Principal Securities Inc. increased 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 purchasing an additional 89 shares in the last quarter. Institute for Wealth Management LLC. raised its position in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock worth $1,134,000 after purchasing an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Alibaba Group by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after buying an additional 94 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the subject of several research reports. Jefferies Financial Group boosted their price objective on Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday. Barclays boosted their price target on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $181.88.

Alibaba Group Price Performance

BABA stock opened at $189.38 on Friday. The business’s fifty day moving average price is $139.30 and its 200 day moving average price is $125.85. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $451.50 billion, a PE ratio of 22.02, a P/E/G ratio of 2.11 and a beta of 0.18.

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.