Alibaba Group Holding Limited (NYSE:BABA) Holdings Lifted by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,172 shares of the specialty retailer’s stock after buying an additional 10,878 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Alibaba Group were worth $24,882,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Alibaba Group during the first quarter valued at $26,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Alibaba Group during the first quarter valued at $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Alibaba Group during the first quarter valued at $31,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Alibaba Group during the first quarter valued at $34,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $122.29 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $291.63 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.87 and a beta of 0.17. The business’s 50-day simple moving average is $116.20 and its 200-day simple moving average is $120.13. Alibaba Group Holding Limited has a 52 week low of $77.74 and a 52 week high of $148.43.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BABA. Wall Street Zen downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Arete downgraded Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price objective for the company. in a research note on Tuesday, June 24th. Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. Finally, Arete Research downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $153.29.

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.