Rothschild Investment LLC Raises Holdings in Alibaba Group Holding Limited $BABA

Rothschild Investment LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 20.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,147 shares of the specialty retailer’s stock after purchasing an additional 370 shares during the period. Rothschild Investment LLC’s holdings in Alibaba Group were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BABA. Brighton Jones LLC lifted its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Alibaba Group in the 1st quarter valued at $233,000. Victory Capital Management Inc. raised its position in Alibaba Group by 25.8% in the 1st quarter. Victory Capital Management Inc. now owns 15,770 shares of the specialty retailer’s stock valued at $2,085,000 after purchasing an additional 3,233 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in Alibaba Group by 14.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,363 shares of the specialty retailer’s stock worth $2,957,000 after purchasing an additional 2,766 shares during the period. Finally, IFP Advisors Inc grew its position in Alibaba Group by 25.3% during the 1st quarter. IFP Advisors Inc now owns 7,150 shares of the specialty retailer’s stock worth $945,000 after purchasing an additional 1,442 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Arete raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Wednesday, September 3rd. Bank of America lifted their target price on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.18.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $160.05 on Wednesday. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $192.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $381.89 billion, a P/E ratio of 18.61, a PEG ratio of 2.40 and a beta of 0.19. The company’s fifty day moving average is $168.49 and its two-hundred day moving average is $137.27.

About Alibaba Group

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.