Alibaba Group Holding Limited $BABA Shares Bought by Bell & Brown Wealth Advisors LLC

Bell & Brown Wealth Advisors LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.8% during the second quarter, Holdings Channel.com reports. The fund owned 39,013 shares of the specialty retailer’s stock after buying an additional 297 shares during the period. Alibaba Group comprises approximately 1.6% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 26th biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Alibaba Group were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Temasek Holdings Private Ltd grew its position in shares of 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 period. American Century Companies Inc. grew its position in shares of Alibaba Group by 52.1% during the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after acquiring an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. lifted its stake in 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 buying an additional 4,373 shares in the last quarter. Causeway Capital Management LLC lifted its stake 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 in the last quarter. Finally, WCM Investment Management LLC purchased a new position in Alibaba Group in the 1st quarter valued at about $4,074,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Up 1.2%

Shares of NYSE BABA opened at $167.03 on Friday. The company has a 50 day simple moving average of $150.98 and a 200-day simple moving average of $128.65. The company has a market capitalization of $398.21 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.21 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BABA shares. Nomura raised their price target on shares of Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Citigroup reissued a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. Jefferies Financial Group raised their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Bank of America raised their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Barclays raised their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.06.

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.