UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stock Holdings in Alibaba Group Holding Limited $BABA

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 85.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,557,495 shares of the specialty retailer’s stock after purchasing an additional 3,947,460 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in Alibaba Group were worth $1,131,558,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. North Ridge Wealth Advisors Inc. purchased a new position in shares of Alibaba Group during the 1st quarter valued at about $26,000. Summit Securities Group LLC raised its stake in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 196 shares during the period. Inlight Wealth Management LLC bought a new stake in Alibaba Group during the 1st quarter valued at approximately $31,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Alibaba Group during the 1st quarter valued at approximately $31,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BABA. Bank of America lifted their target price on Alibaba Group from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Arete Research raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Mizuho lifted their price objective on Alibaba Group from $149.00 to $159.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Citigroup lifted their price objective on Alibaba Group from $148.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $163.53.

Alibaba Group Stock Up 4.1%

NYSE:BABA opened at $141.11 on Tuesday. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $148.43. The company has a market cap of $336.43 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.89 and a beta of 0.11. The stock has a fifty day simple moving average of $120.14 and a 200-day simple moving average of $121.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

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.