Blue Trust Inc. Buys 258 Shares of Alibaba Group Holding Limited $BABA

Blue Trust Inc. grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,857 shares of the specialty retailer’s stock after purchasing an additional 258 shares during the quarter. Blue Trust Inc.’s holdings in Alibaba Group were worth $1,685,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. bought a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC lifted its holdings in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. 1248 Management LLC bought a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 196 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BABA. Barclays lifted their price target on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Bank of America lifted their price target on Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Wall Street Zen lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Sanford C. Bernstein lifted their price target on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Arete upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Buy” and an average price target of $188.06.

Alibaba Group Stock Performance

Shares of BABA opened at $158.76 on Friday. The firm has a market cap of $378.50 billion, a PE ratio of 18.46, a PEG ratio of 2.05 and a beta of 0.18. The stock’s fifty day moving average price is $146.36 and its two-hundred day moving average price is $127.53. 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 1 year low of $80.06 and a 1 year high of $192.67.

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.