Alibaba Group Holding Limited $BABA Position Increased by Circle Wealth Management LLC

Circle Wealth Management LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 145.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,030 shares of the specialty retailer’s stock after buying an additional 13,070 shares during the quarter. Circle Wealth Management LLC’s holdings in Alibaba Group were worth $2,913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group during the first quarter worth $26,000. Summit Securities Group LLC increased its stake in Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after buying an additional 196 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in Alibaba Group during the first quarter valued at about $31,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group in the first quarter worth about $31,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $118.1350 on Friday. The firm has a market capitalization of $281.73 billion, a PE ratio of 15.86, a PEG ratio of 1.76 and a beta of 0.17. Alibaba Group Holding Limited has a 1 year low of $79.21 and a 1 year high of $148.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $116.21 and its 200 day simple moving average is $120.87.

Analyst Ratings Changes

BABA has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Mizuho cut their target price on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Loop Capital set a $176.00 target price on Alibaba Group in a report on Friday, May 16th. Barclays lowered their price target on Alibaba Group from $180.00 to $145.00 and set an “overweight” rating on the stock in a report on Tuesday, July 15th. Finally, Wall Street Zen downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.67.

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.