Thoroughbred Financial Services LLC Buys 5,957 Shares of Alibaba Group Holding Limited $BABA

Thoroughbred Financial Services LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 125.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,690 shares of the specialty retailer’s stock after purchasing an additional 5,957 shares during the period. Thoroughbred Financial Services LLC’s holdings in Alibaba Group were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BABA. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group during the first quarter worth about $26,000. Summit Securities Group LLC lifted its position in shares of Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Alibaba Group during the 1st quarter worth approximately $26,000. 1248 Management LLC bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $26,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Alibaba Group in the second quarter valued at $26,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 3.9%

BABA stock opened at $153.66 on Friday. The business has a fifty day moving average price of $167.90 and a 200 day moving average price of $136.65. 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 fifty-two week low of $80.06 and a fifty-two week high of $192.67. The stock has a market capitalization of $366.64 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 2.40 and a beta of 0.19.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BABA shares. Sanford C. Bernstein lifted their price target on shares of Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. UBS Group reissued a “buy” rating and issued a $162.00 price target on shares of Alibaba Group in a research report on Sunday, August 31st. JPMorgan Chase & Co. decreased their price objective on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Mizuho set a $195.00 price objective on Alibaba Group in a research note on Wednesday, October 22nd. Finally, Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.18.

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.