1,800 Shares in Alibaba Group Holding Limited $BABA Acquired by Kaizen Financial Strategies

Kaizen Financial Strategies bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, Holdings Channel.com reports. The fund bought 1,800 shares of the specialty retailer’s stock, valued at approximately $204,000.

A number of other large investors have also recently made changes to their positions in BABA. Temasek Holdings Private Ltd increased its holdings 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 worth $728,633,000 after acquiring an additional 1,045,789 shares during the period. American Century Companies Inc. grew its position in 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 buying an additional 785,494 shares in the last quarter. Verde Servicos Internacionais S.A. raised its holdings in shares of Alibaba Group by 6.9% in the 2nd quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock valued at $7,686,000 after acquiring an additional 4,373 shares in the last quarter. Causeway Capital Management LLC grew its holdings in shares of Alibaba Group by 42.6% during the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after purchasing an additional 404,842 shares in the last quarter. Finally, Independent Advisor Alliance raised its stake in Alibaba Group by 53.1% in the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock valued at $1,725,000 after purchasing an additional 4,521 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BABA. Benchmark lifted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Nomura boosted their target price on Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Mizuho set a $195.00 price target on shares of Alibaba Group in a research report on Wednesday, October 22nd. Bank of America upped their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, 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 research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Trading Down 1.7%

Shares of BABA opened at $157.99 on Thursday. The stock has a market capitalization of $376.97 billion, a P/E ratio of 18.37, a PEG ratio of 2.40 and a beta of 0.19. The firm has a fifty day simple moving average of $166.95 and a two-hundred day simple moving average of $136.11. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67.

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.