Alibaba Group Holding Limited $BABA Stake Lifted by Scotia Capital Inc.

Scotia Capital Inc. lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 37.1% during the second quarter, Holdings Channel.com reports. The fund owned 40,868 shares of the specialty retailer’s stock after purchasing an additional 11,052 shares during the period. Scotia Capital Inc.’s holdings in Alibaba Group were worth $4,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC boosted its stake in 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 purchasing an additional 49,010,087 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Alibaba Group by 0.7% in the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after buying an additional 140,579 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Alibaba Group by 22.6% in 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 buying an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Alibaba Group by 43.0% during the first 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 buying an additional 2,584,480 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alibaba Group by 85.6% during 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 acquiring an additional 3,947,460 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 0.3%

NYSE BABA opened at $157.19 on Friday. The firm’s 50 day moving average price is $168.30 and its two-hundred day moving average price is $138.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67. The stock has a market cap of $375.06 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.40 and a beta of 0.19.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BABA shares. Nomura boosted their price target on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Jefferies Financial Group boosted their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Benchmark reissued a “buy” rating and set a $195.00 target price on shares of Alibaba Group in a research note on Tuesday. Macquarie restated an “outperform” rating on shares of Alibaba Group in a report on Tuesday. Finally, Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.89.

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.