Tactive Advisors LLC Takes Position in Alibaba Group Holding Limited $BABA

Tactive Advisors LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,626 shares of the specialty retailer’s stock, valued at approximately $411,000.

Other institutional investors also recently bought and sold shares of the company. Cary Street Partners Financial LLC grew its stake in shares of Alibaba Group by 1.8% during the 2nd quarter. Cary Street Partners Financial LLC now owns 4,757 shares of the specialty retailer’s stock worth $539,000 after purchasing an additional 83 shares during the period. Wedbush Securities Inc. boosted its holdings in Alibaba Group by 2.1% during the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer’s stock worth $480,000 after buying an additional 88 shares in the last quarter. CWM LLC grew its position in Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after buying an additional 92 shares during the period. Fifth Third Bancorp grew its position in Alibaba Group by 1.0% during the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after buying an additional 94 shares during the period. Finally, EWG Elevate Inc. increased its holdings in Alibaba Group by 5.2% in the second quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer’s stock valued at $224,000 after buying an additional 98 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $155.56 on Monday. The stock has a market capitalization of $371.18 billion, a P/E ratio of 21.49, a PEG ratio of 2.39 and a beta of 0.33. The business has a 50 day simple moving average of $164.60 and a two-hundred day simple moving average of $141.48. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a report on Wednesday, November 26th. Citigroup boosted their price objective on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Susquehanna increased their target price on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Finally, Arete cut shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $172.00 price target on the stock. in a research note on Tuesday, December 9th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

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.