Wilson Asset Management International PTY Ltd. Grows Holdings in Alibaba Group Holding Limited $BABA

Wilson Asset Management International PTY Ltd. lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 19.3% in the second quarter, HoldingsChannel reports. The firm owned 64,256 shares of the specialty retailer’s stock after buying an additional 10,416 shares during the quarter. Alibaba Group makes up approximately 1.8% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 24th biggest holding. Wilson Asset Management International PTY Ltd.’s holdings in Alibaba Group were worth $7,287,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. North Ridge Wealth Advisors Inc. acquired a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC grew its holdings in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. 1248 Management LLC acquired a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Up 4.9%

Shares of Alibaba Group stock opened at $166.75 on Tuesday. The company has a market cap of $397.55 billion, a P/E ratio of 19.39, a PEG ratio of 1.99 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $192.67. The firm has a fifty day moving average of $147.35 and a two-hundred day moving average of $127.68.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Sanford C. Bernstein boosted their price target on shares of Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Bank of America upped their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Finally, Robert W. Baird upped their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Buy” and an average target price of $188.06.

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.