Resonant Capital Advisors LLC Purchases 496 Shares of Alibaba Group Holding Limited $BABA

Resonant Capital Advisors LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 19.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,025 shares of the specialty retailer’s stock after purchasing an additional 496 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Alibaba Group were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its stake in Alibaba Group by 1,349,768.3% in the 2nd 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 purchasing an additional 49,010,087 shares during the period. Goldman Sachs Group Inc. boosted its stake in Alibaba Group by 22.6% in 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 purchasing an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Alibaba Group by 85.6% in the 1st 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 valued at $1,131,558,000 after acquiring an additional 3,947,460 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Alibaba Group stock opened at $179.32 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 $427.52 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.18. The stock has a fifty day moving average of $156.96 and a 200-day moving average of $131.44.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Nomura lifted their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a report on Wednesday, September 24th. Robert W. Baird lifted their price objective on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Sanford C. Bernstein lifted their price objective on Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

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.