International Assets Investment Management LLC Has $1.06 Million Holdings in Alibaba Group Holding Limited $BABA

International Assets Investment Management LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 10.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,331 shares of the specialty retailer’s stock after acquiring an additional 905 shares during the quarter. International Assets Investment Management LLC’s holdings in Alibaba Group were worth $1,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC boosted its position in shares of Alibaba Group by 1,349,768.3% during the second 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 buying an additional 49,010,087 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 worth $1,131,558,000 after acquiring an additional 3,947,460 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after acquiring an additional 2,885,154 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after acquiring an additional 2,584,480 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BABA shares. Barclays boosted their price target on shares of Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Bank of America increased their price target on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Sanford C. Bernstein lifted their price target on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, CLSA upped their price objective on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $188.06.

Alibaba Group Price Performance

Alibaba Group stock opened at $167.03 on Monday. The business’s 50 day simple moving average is $150.98 and its 200 day simple moving average is $128.64. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a market cap of $398.21 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.23 and a beta of 0.18. 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.