Dorsey & Whitney Trust CO LLC Makes New Investment in Alibaba Group Holding Limited $BABA

Dorsey & Whitney Trust CO LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 3,083 shares of the specialty retailer’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after buying an additional 2,885,154 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Alibaba Group by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock valued at $566,124,000 after purchasing an additional 438,537 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alibaba Group by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock valued at $390,885,000 after purchasing an additional 752,275 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Alibaba Group by 3,214.5% in 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 purchasing an additional 4,246,564 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Alibaba Group by 1.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer’s stock valued at $337,377,000 after purchasing an additional 44,901 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Monday, July 21st. Mizuho decreased their price target on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Wall Street Zen downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Bank of America cut their price objective on Alibaba Group from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $159.67.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $122.8530 on Friday. The stock’s 50-day moving average is $116.41 and its two-hundred day moving average is $121.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 1-year low of $79.21 and a 1-year high of $148.43. The company has a market cap of $292.98 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.74 and a beta of 0.17.

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.