Venturi Wealth Management LLC Grows Stock Holdings in Alibaba Group Holding Limited $BABA

Venturi Wealth Management LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 25.3% during the second quarter, HoldingsChannel reports. The firm owned 2,760 shares of the specialty retailer’s stock after purchasing an additional 558 shares during the period. Venturi Wealth Management LLC’s holdings in Alibaba Group were worth $313,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in 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 valued at $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Goldman Sachs Group Inc. raised its position in 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 valued at $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Alibaba Group by 43.0% in 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 buying an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Alibaba Group by 85.6% in 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 buying an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd increased its holdings in shares of Alibaba Group by 23.4% in the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after buying an additional 1,045,789 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 8.6%

NYSE BABA opened at $158.76 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $378.50 billion, a PE ratio of 18.46, a PEG ratio of 2.05 and a beta of 0.18. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The business’s 50-day moving average is $146.36 and its 200 day moving average is $127.53.

Analysts Set New Price Targets

BABA has been the topic of several analyst reports. Mizuho lifted their price objective on Alibaba Group from $149.00 to $159.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. Susquehanna lifted their price objective on Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, September 18th. Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Barclays lifted their price objective on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Robert W. Baird lifted their price objective on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $188.06.

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.