Alibaba Group Holding Limited $BABA Stock Holdings Increased by Private Trust Co. NA

Private Trust Co. NA grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 25.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,295 shares of the specialty retailer’s stock after buying an additional 867 shares during the period. Private Trust Co. NA’s holdings in Alibaba Group were worth $487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Alibaba Group by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 72,581 shares of the specialty retailer’s stock worth $9,597,000 after acquiring an additional 2,731 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Alibaba Group by 15.3% in the first quarter. Janney Montgomery Scott LLC now owns 51,233 shares of the specialty retailer’s stock worth $6,775,000 after acquiring an additional 6,795 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Alibaba Group by 14.5% during the first quarter. Johnson Investment Counsel Inc. now owns 6,966 shares of the specialty retailer’s stock valued at $921,000 after purchasing an additional 880 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of Alibaba Group by 950.0% during the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 285 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BABA shares. Nomura boosted their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Benchmark boosted their target price on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Finally, Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One 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 presently has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Alibaba Group Stock Up 1.2%

BABA stock opened at $167.03 on Monday. The firm’s 50-day moving average is $150.98 and its two-hundred day moving average is $128.64. The company has a market capitalization of $398.21 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.18. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week 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.

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.