Mizuho Securities Co. Ltd. Invests $62,000 in Alibaba Group Holding Limited $BABA

Mizuho Securities Co. Ltd. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 550 shares of the specialty retailer’s stock, valued at approximately $62,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its holdings in Alibaba Group by 1,349,768.3% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings 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 during the period. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $1,136,554,000 after purchasing an additional 2,584,480 shares in the last quarter. Finally, Trivest Advisors Ltd acquired a new position in Alibaba Group during the first quarter worth $295,270,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.4%

Shares of BABA stock opened at $159.04 on Thursday. The firm’s 50-day simple moving average is $168.80 and its 200-day simple moving average is $137.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The firm has a market cap of $379.48 billion, a P/E ratio of 18.49, a PEG ratio of 2.40 and a beta of 0.19.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BABA. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, October 8th. Susquehanna raised their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, September 18th. UBS Group reaffirmed a “buy” rating and issued a $162.00 price target on shares of Alibaba Group in a report on Sunday, August 31st. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Robert W. Baird lifted their price objective on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

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.