Bleakley Financial Group LLC Buys 1,919 Shares of Alibaba Group Holding Limited $BABA

Bleakley Financial Group LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 16.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,880 shares of the specialty retailer’s stock after buying an additional 1,919 shares during the period. Bleakley Financial Group LLC’s holdings in Alibaba Group were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Brighton Jones LLC grew its holdings in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 981 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Alibaba Group by 54.0% in the first quarter. Spire Wealth Management now owns 5,873 shares of the specialty retailer’s stock valued at $777,000 after purchasing an additional 2,059 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Alibaba Group by 788.3% in the first quarter. Bessemer Group Inc. now owns 7,293 shares of the specialty retailer’s stock valued at $964,000 after purchasing an additional 6,472 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Alibaba Group by 67.6% during the first quarter. Golden State Wealth Management LLC now owns 1,193 shares of the specialty retailer’s stock worth $158,000 after buying an additional 481 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in Alibaba Group during the first quarter worth $288,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on BABA shares. Robert W. Baird lifted their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein lifted their price objective on shares of Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. UBS Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Finally, Bank of America lifted their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Stock Up 1.5%

NYSE:BABA opened at $174.49 on Friday. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67. The company has a market cap of $416.00 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.18. The stock has a fifty day simple moving average of $155.80 and a 200-day simple moving average of $130.53. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

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.