Alibaba Group Holding Limited $BABA Shares Acquired by Banque Transatlantique SA

Banque Transatlantique SA increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 119.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 20,900 shares of the specialty retailer’s stock after acquiring an additional 11,355 shares during the quarter. Banque Transatlantique SA’s holdings in Alibaba Group were worth $2,278,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Alibaba Group in the first quarter valued at $1,840,000. Benjamin Edwards Inc. grew its holdings in shares of Alibaba Group by 17.2% during the first quarter. Benjamin Edwards Inc. now owns 5,467 shares of the specialty retailer’s stock worth $723,000 after purchasing an additional 802 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Alibaba Group during the first quarter worth about $304,000. Finally, Prudential PLC increased its position in shares of Alibaba Group by 118.5% during the first quarter. Prudential PLC now owns 18,228 shares of the specialty retailer’s stock worth $2,410,000 after purchasing an additional 9,885 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $155.56 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The company has a 50-day simple moving average of $164.60 and a 200-day simple moving average of $141.15. The company has a market capitalization of $371.18 billion, a PE ratio of 21.49, a P/E/G ratio of 2.41 and a beta of 0.33.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of research reports. Mizuho set a $195.00 price objective on Alibaba Group in a research note on Wednesday, October 22nd. Arete downgraded shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $172.00 price target for the company. in a research report on Tuesday. Zacks Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. CLSA raised their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Finally, Barclays upped their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $194.00.

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.