Beacon Financial Advisory LLC Increases Stake in Alibaba Group Holding Limited $BABA

Beacon Financial Advisory LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,442 shares of the specialty retailer’s stock after acquiring an additional 119 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Alibaba Group were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC grew its stake in shares of Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after buying an additional 49,010,087 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD grew its position in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alibaba Group by 85.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after purchasing an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd lifted its position in shares of Alibaba Group by 23.4% during the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after purchasing an additional 1,045,789 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

Shares of BABA stock opened at $187.94 on Monday. The firm has a market cap of $448.06 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.22 and a beta of 0.18. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $140.65 and its 200 day moving average is $125.96.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research analyst reports. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 target price on shares of Alibaba Group in a research note on Saturday, August 30th. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Susquehanna boosted their price target on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, September 18th. Finally, Arete raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $181.88.

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.