Alibaba Group Holding Limited $BABA Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 46.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,743 shares of the specialty retailer’s stock after acquiring an additional 1,190 shares during the quarter. Moors & Cabot Inc.’s holdings in Alibaba Group were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BABA. Brighton Jones LLC increased its stake in Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after buying an additional 981 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Alibaba Group by 56.9% during the first quarter. Bank of New York Mellon Corp now owns 270,984 shares of the specialty retailer’s stock valued at $35,832,000 after acquiring an additional 98,236 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Alibaba Group by 4.2% during the first quarter. Envestnet Asset Management Inc. now owns 419,468 shares of the specialty retailer’s stock worth $55,466,000 after acquiring an additional 16,960 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Alibaba Group by 42.2% in the first quarter. Brown Advisory Inc. now owns 6,137 shares of the specialty retailer’s stock worth $811,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Alibaba Group by 10.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.9%

Shares of NYSE:BABA opened at $166.06 on Friday. The company’s fifty day moving average is $165.47 and its two-hundred day moving average is $135.23. 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 1-year low of $80.06 and a 1-year high of $192.67. The stock has a market capitalization of $396.22 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19.

Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. Arete Research upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. CLSA upped their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Nomura raised their price objective on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Citigroup restated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.