Tactive Advisors LLC Acquires New Position in Alibaba Group Holding Limited $BABA

Tactive Advisors LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, Holdings Channel.com reports. The institutional investor bought 3,626 shares of the specialty retailer’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC increased its holdings in shares of Alibaba Group by 100.3% in the first 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 last quarter. Ransom Advisory Ltd acquired a new position in Alibaba Group during the first quarter worth $26,000. 1248 Management LLC purchased a new stake in Alibaba Group in the 1st quarter valued at $26,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Alibaba Group in the 2nd quarter worth $26,000. Finally, NewSquare Capital LLC raised its holdings in shares of Alibaba Group by 65.0% during the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 130 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of BABA opened at $155.56 on Monday. The firm has a 50-day simple moving average of $164.60 and a two-hundred day simple moving average of $141.48. The stock has a market cap of $371.18 billion, a PE ratio of 21.49, a P/E/G ratio of 2.39 and a beta of 0.33. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $162.00 target price on shares of Alibaba Group in a report on Sunday, August 31st. Citigroup raised their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Macquarie reaffirmed an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Mizuho set a $195.00 price objective on Alibaba Group in a report on Wednesday, October 22nd. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.00.

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.