Rathbones Group PLC Acquires 7,838 Shares of Alibaba Group Holding Limited $BABA

Rathbones Group PLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 61,573 shares of the specialty retailer’s stock after buying an additional 7,838 shares during the period. Rathbones Group PLC’s holdings in Alibaba Group were worth $6,983,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BABA. Temasek Holdings Private Ltd increased its stake in Alibaba Group by 23.4% during the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares during the period. American Century Companies Inc. lifted its position in shares of Alibaba Group by 52.1% in the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock worth $303,215,000 after acquiring an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. grew its holdings in shares of Alibaba Group by 6.9% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after purchasing an additional 4,373 shares in the last quarter. Causeway Capital Management LLC grew its holdings in shares of Alibaba Group by 42.6% during the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after purchasing an additional 404,842 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Alibaba Group by 53.1% during the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock valued at $1,725,000 after purchasing an additional 4,521 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Barclays increased their price objective on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Benchmark upped 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, Bank of America increased their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.18.

Alibaba Group Stock Down 0.9%

BABA opened at $166.06 on Monday. The firm has a market cap of $396.22 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.40 and a beta of 0.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50-day simple moving average is $165.47 and its 200-day simple moving average is $135.35. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67.

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.