Alibaba Group Holding Limited $BABA Stock Holdings Lifted by CX Institutional

CX Institutional lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 11.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,251 shares of the specialty retailer’s stock after purchasing an additional 224 shares during the period. CX Institutional’s holdings in Alibaba Group were worth $255,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Temasek Holdings Private Ltd lifted its position in shares of Alibaba Group by 23.4% in 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. lifted its position in 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 valued at $303,215,000 after purchasing an additional 785,494 shares during the last quarter. Causeway Capital Management LLC lifted its position in Alibaba Group by 42.6% in the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock valued at $179,305,000 after purchasing an additional 404,842 shares during the last quarter. WCM Investment Management LLC bought a new stake in Alibaba Group in the 1st quarter valued at about $4,074,000. Finally, KMG Fiduciary Partners LLC bought a new stake in Alibaba Group in the 1st quarter valued at about $1,948,000. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $160.00 price target on shares of Alibaba Group in a research report on Saturday, August 30th. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Susquehanna boosted their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research report on Thursday, September 18th. Finally, Benchmark boosted their price target on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Buy” and a consensus target price of $172.81.

Alibaba Group Stock Performance

Shares of BABA opened at $171.88 on Friday. The firm’s 50 day moving average is $134.37 and its 200-day moving average is $124.61. The stock has a market capitalization of $409.77 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.98 and a beta of 0.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $180.16.

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.