Natural Investments LLC Takes $463,000 Position in Alibaba Group Holding Limited $BABA

Natural Investments LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,090 shares of the specialty retailer’s stock, valued at approximately $463,000.

Other hedge funds also recently made changes to their positions in the company. Lester Murray Antman dba SimplyRich boosted its stake in Alibaba Group by 23.2% during the second quarter. Lester Murray Antman dba SimplyRich now owns 5,259 shares of the specialty retailer’s stock valued at $596,000 after buying an additional 992 shares during the period. Aberdeen Group plc boosted its stake in Alibaba Group by 308.7% during the second quarter. Aberdeen Group plc now owns 18,534 shares of the specialty retailer’s stock valued at $2,102,000 after buying an additional 13,999 shares during the period. Blue Zone Wealth Advisors LLC boosted its stake in Alibaba Group by 2.0% during the second quarter. Blue Zone Wealth Advisors LLC now owns 53,109 shares of the specialty retailer’s stock valued at $6,023,000 after buying an additional 1,051 shares during the period. Strong Tower Advisory Services boosted its stake in Alibaba Group by 3.9% during the second quarter. Strong Tower Advisory Services now owns 57,111 shares of the specialty retailer’s stock valued at $6,477,000 after buying an additional 2,144 shares during the period. Finally, Blue Trust Inc. boosted its stake in Alibaba Group by 1.8% during the second quarter. Blue Trust Inc. now owns 14,857 shares of the specialty retailer’s stock valued at $1,685,000 after buying an additional 258 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 8.6%

Shares of BABA stock opened at $158.76 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $146.36 and a two-hundred day moving average price of $127.50. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The firm has a market cap of $378.50 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.88 and a beta of 0.18.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Susquehanna lifted their price objective on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday. 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 research note on Friday. Mizuho lifted their price target on Alibaba Group from $149.00 to $159.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Nomura lifted their price target on Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $188.06.

Alibaba Group Company 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.