Alibaba Group Holding Limited $BABA Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 436,097 shares of the specialty retailer’s stock after purchasing an additional 76,063 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Alibaba Group were worth $49,301,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BABA. 1248 Management LLC acquired a new stake in Alibaba Group in the first quarter worth approximately $26,000. North Ridge Wealth Advisors Inc. bought a new stake in shares of Alibaba Group in the 1st quarter worth $26,000. Summit Securities Group LLC boosted its stake in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 59,000 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Alibaba Group during the first quarter worth about $26,000. Finally, Hazlett Burt & Watson Inc. raised its position in Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Mizuho set a $195.00 price objective on Alibaba Group in a research report on Wednesday, October 22nd. Sanford C. Bernstein lifted their target price on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Nomura upped their target price on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, October 8th. One equities research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.18.

Alibaba Group Stock Performance

Shares of BABA stock opened at $160.06 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The stock’s 50-day moving average is $167.53 and its two-hundred day moving average is $136.28. 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 firm has a market cap of $381.92 billion, a P/E ratio of 18.61, a PEG ratio of 2.40 and a beta of 0.19.

About Alibaba Group

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.