Beacon Financial Advisory LLC Raises Stock Position in Alibaba Group Holding Limited $BABA

Beacon Financial Advisory LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,442 shares of the specialty retailer’s stock after acquiring an additional 119 shares during the period. Beacon Financial Advisory LLC’s holdings in Alibaba Group were worth $617,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BABA. Temasek Holdings Private Ltd grew its stake in Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after buying an additional 1,045,789 shares during the last quarter. American Century Companies Inc. boosted its holdings in Alibaba Group by 52.1% in the first 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 in the last quarter. Causeway Capital Management LLC grew its stake in shares of Alibaba Group by 42.6% during the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after acquiring an additional 404,842 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Alibaba Group during the first quarter valued at about $4,074,000. Finally, KMG Fiduciary Partners LLC purchased a new position in shares of Alibaba Group in the 1st quarter valued at approximately $1,948,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

NYSE:BABA opened at $187.94 on Monday. The firm’s fifty day moving average is $140.65 and its two-hundred day moving average is $125.96. The firm has a market cap of $448.06 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.22 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $192.67.

Analysts Set New Price Targets

Several analysts have weighed in on BABA shares. Sanford C. Bernstein reissued an “outperform” rating and set a $160.00 target price on shares of Alibaba Group in a research report on Saturday, August 30th. Barclays boosted their price objective on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Citigroup reissued a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Jefferies Financial Group lifted their price target on Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, UBS Group reissued a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a report on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $181.88.

Alibaba Group 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.