Brandywine Global Investment Management LLC Has $17.64 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Brandywine Global Investment Management LLC lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 50.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 133,368 shares of the specialty retailer’s stock after selling 135,400 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Alibaba Group were worth $17,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC increased its position in Alibaba Group by 5.5% during the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after purchasing an additional 82 shares during the period. Greenleaf Trust increased its holdings in Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock worth $1,102,000 after purchasing an additional 85 shares in the last quarter. Marcum Wealth LLC lifted its stake in Alibaba Group by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer’s stock valued at $363,000 after buying an additional 86 shares during the period. Principal Securities Inc. boosted its holdings in shares of Alibaba Group by 0.5% during the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock worth $2,225,000 after buying an additional 89 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock worth $1,134,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Barclays cut their price target on Alibaba Group from $180.00 to $145.00 and set an “overweight” rating on the stock in a report on Tuesday, July 15th. Bank of America cut their price target on Alibaba Group from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, Mizuho cut their price target on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.29.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $121.12 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $79.21 and a twelve month high of $148.43. The stock’s 50 day moving average is $116.23 and its 200-day moving average is $120.30. The firm has a market capitalization of $288.85 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.80 and a beta of 0.17.

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.