Traub Capital Management LLC Acquires Shares of 843 Alibaba Group Holding Limited $BABA

Traub Capital Management LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 843 shares of the specialty retailer’s stock, valued at approximately $96,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Accent Capital Management LLC grew its holdings in Alibaba Group by 5.5% in the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after purchasing an additional 82 shares during the last quarter. Wedbush Securities Inc. grew its stake in Alibaba Group by 2.1% during the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer’s stock worth $480,000 after buying an additional 88 shares during the period. CWM LLC increased its holdings in Alibaba Group by 0.8% in the 2nd quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 92 shares in the last quarter. Fifth Third Bancorp lifted its position in Alibaba Group by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock worth $1,109,000 after acquiring an additional 94 shares in the last quarter. Finally, EWG Elevate Inc. boosted its stake in shares of Alibaba Group by 5.2% in the second quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer’s stock valued at $224,000 after purchasing an additional 98 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup reissued a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. Susquehanna lifted their price objective on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. Mizuho set a $195.00 target price on shares of Alibaba Group in a research note on Wednesday, October 22nd. Finally, Nomura lifted their target price on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Stock Down 0.4%

NYSE:BABA opened at $159.04 on Thursday. 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 12-month low of $80.06 and a 12-month high of $192.67. The stock’s fifty day simple moving average is $168.80 and its 200-day simple moving average is $137.43. The firm has a market capitalization of $379.48 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.40 and a beta of 0.19.

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.