Savant Capital LLC Acquires 1,861 Shares of Alibaba Group Holding Limited $BABA

Savant Capital LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 23.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,734 shares of the specialty retailer’s stock after buying an additional 1,861 shares during the period. Savant Capital LLC’s holdings in Alibaba Group were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BABA. Temasek Holdings Private Ltd lifted its holdings in shares of Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after buying an additional 1,045,789 shares during the period. American Century Companies Inc. increased its position in Alibaba Group by 52.1% during the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after acquiring an additional 785,494 shares during the last quarter. Verde Servicos Internacionais S.A. lifted its holdings in Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock valued at $7,686,000 after acquiring an additional 4,373 shares during the period. Causeway Capital Management LLC boosted its position in Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after purchasing an additional 404,842 shares during the last quarter. Finally, Independent Advisor Alliance grew its stake in shares of Alibaba Group by 53.1% during the 1st quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock valued at $1,725,000 after purchasing an additional 4,521 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BABA shares. JPMorgan Chase & Co. lowered their price objective on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Jefferies Financial Group increased their price target on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. UBS Group reiterated a “buy” rating and set a $162.00 price target on shares of Alibaba Group in a research note on Sunday, August 31st. CLSA upped their price objective on Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Sanford C. Bernstein raised their target price on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Stock Up 1.4%

BABA opened at $160.06 on Friday. The stock has a market cap of $381.92 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s fifty day moving average is $167.53 and its 200 day moving average is $136.28. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67.

Alibaba Group Company 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.