Winthrop Advisory Group LLC Boosts Stock Position in Alibaba Group Holding Limited $BABA

Winthrop Advisory Group LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 49.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,445 shares of the specialty retailer’s stock after acquiring an additional 1,134 shares during the period. Winthrop Advisory Group LLC’s holdings in Alibaba Group were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BABA. Triasima Portfolio Management inc. boosted its holdings in shares of Alibaba Group by 22.9% during the second quarter. Triasima Portfolio Management inc. now owns 25,450 shares of the specialty retailer’s stock worth $2,886,000 after purchasing an additional 4,740 shares during the period. Venturi Wealth Management LLC lifted its holdings in Alibaba Group by 25.3% in the second quarter. Venturi Wealth Management LLC now owns 2,760 shares of the specialty retailer’s stock worth $313,000 after buying an additional 558 shares during the period. Canopy Partners LLC lifted its holdings in Alibaba Group by 7.0% in the second quarter. Canopy Partners LLC now owns 2,204 shares of the specialty retailer’s stock worth $250,000 after buying an additional 145 shares during the period. Trueblood Wealth Management LLC purchased a new stake in Alibaba Group in the second quarter worth about $273,000. Finally, SteelPeak Wealth LLC purchased a new stake in Alibaba Group in the second quarter worth about $838,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

BABA stock opened at $181.21 on Wednesday. The stock has a market capitalization of $432.02 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.21 and a beta of 0.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The stock’s 50 day simple moving average is $143.19 and its 200 day simple moving average is $126.71.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. Mizuho raised their target price on Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Arete raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Wednesday, September 3rd. Arete Research raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. UBS Group reissued a “buy” rating and set a $162.00 price target on shares of Alibaba Group in a research report on Sunday, August 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $170.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Alibaba Group has a consensus rating of “Buy” and an average target price of $184.19.

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.