RWA Wealth Partners LLC Raises Holdings in Alibaba Group Holding Limited $BABA

RWA Wealth Partners LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,580 shares of the specialty retailer’s stock after acquiring an additional 3,658 shares during the period. RWA Wealth Partners LLC’s holdings in Alibaba Group were worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in BABA. Temasek Holdings Private Ltd raised its stake in Alibaba Group by 23.4% during 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 during the last quarter. American Century Companies Inc. raised its stake in shares of Alibaba Group by 52.1% during the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock worth $303,215,000 after purchasing an additional 785,494 shares during the last quarter. Verde Servicos Internacionais S.A. lifted its holdings in shares of Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after purchasing an additional 4,373 shares during the period. Causeway Capital Management LLC grew its position in Alibaba Group by 42.6% in the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock valued at $179,305,000 after buying an additional 404,842 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in Alibaba Group by 53.1% in the 1st quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock valued at $1,725,000 after buying an additional 4,521 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 0.9%

Shares of Alibaba Group stock opened at $166.06 on Friday. The company has a 50-day moving average of $165.47 and a two-hundred day moving average of $135.23. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market cap of $396.22 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19.

Wall Street Analyst Weigh In

BABA has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a report on Sunday, August 31st. Barclays boosted their target price on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Sanford C. Bernstein raised their price target on Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. decreased their price target on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.