Alibaba Group Holding Limited $BABA Shares Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,532 shares of the specialty retailer’s stock after acquiring an additional 425 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Alibaba Group were worth $741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC lifted its position in shares of Alibaba Group by 1,349,768.3% during the 2nd 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 acquiring an additional 49,010,087 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Alibaba Group by 3,214.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock valued at $578,992,000 after acquiring an additional 4,246,564 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alibaba Group by 85.6% during the 1st 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 valued at $1,131,558,000 after acquiring an additional 3,947,460 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.2%

NYSE BABA opened at $167.03 on Monday. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $398.21 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.18. The firm’s fifty day simple moving average is $150.98 and its 200-day simple moving average is $128.64.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BABA. Mizuho increased their price objective on Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. cut their target price on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Wednesday, September 3rd. Barclays boosted their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, CLSA boosted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $188.06.

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.