Traub Capital Management LLC Acquires New Holdings in Alibaba Group Holding Limited $BABA

Traub Capital Management LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 843 shares of the specialty retailer’s stock, valued at approximately $96,000.

Several other institutional investors have also added to or reduced their stakes in BABA. 1248 Management LLC bought a new stake in shares of Alibaba Group in the first quarter worth $26,000. North Ridge Wealth Advisors Inc. bought a new stake in shares of Alibaba Group in the first quarter valued at about $26,000. Summit Securities Group LLC lifted its position in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new position in Alibaba Group during the first quarter worth about $26,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Alibaba Group in the second quarter valued at approximately $26,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $159.04 on Thursday. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The business has a fifty day simple moving average of $168.80 and a two-hundred day simple moving average of $137.43. The firm has a market capitalization of $379.48 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.40 and a beta of 0.19. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Susquehanna lifted their price objective on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Barclays upped their target price on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Zacks Research lowered Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Citigroup restated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. Finally, Sanford C. Bernstein raised their price objective on shares of Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.