Whittier Trust Co. Boosts Stock Position in Alibaba Group Holding Limited $BABA

Whittier Trust Co. boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 56.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,129 shares of the specialty retailer’s stock after purchasing an additional 409 shares during the period. Whittier Trust Co.’s holdings in Alibaba Group were worth $128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BABA. Kingstone Capital Partners Texas LLC boosted its position in Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Alibaba Group by 3,214.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock worth $578,992,000 after purchasing an additional 4,246,564 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alibaba Group by 85.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after purchasing an additional 3,947,460 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after buying an additional 2,584,480 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $174.49 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The firm has a market cap of $416.00 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.30 and a beta of 0.18. The business’s fifty day moving average is $155.80 and its 200 day moving average is $130.53.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Nomura upped their price target on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. CLSA upped their price target on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Finally, Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $190.18.

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.