Liberty One Investment Management LLC Has $719,000 Stake in Alibaba Group Holding Limited $BABA

Liberty One Investment Management LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,335 shares of the specialty retailer’s stock after selling 943 shares during the quarter. Liberty One Investment Management LLC’s holdings in Alibaba Group were worth $719,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. 1248 Management LLC bought a new stake in Alibaba Group in the first quarter valued at $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group in the first quarter valued at $26,000. Summit Securities Group LLC grew its position in 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 acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd bought a new stake in Alibaba Group in the first quarter valued at $26,000. Finally, Hazlett Burt & Watson Inc. grew its position in 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 acquiring an additional 196 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of BABA stock opened at $173.61 on Tuesday. 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 52 week low of $80.06 and a 52 week high of $192.67. The stock has a market capitalization of $413.90 billion, a PE ratio of 20.19, a PEG ratio of 2.23 and a beta of 0.18. The stock’s fifty day moving average is $152.08 and its 200-day moving average is $129.04.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BABA shares. Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. CLSA upped their price target on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Bank of America upped their price target on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Barclays upped their price target on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Nomura increased their target price on Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus 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.