Integrity Alliance LLC. Purchases 3,668 Shares of Alibaba Group Holding Limited $BABA

Integrity Alliance LLC. grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 67.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,142 shares of the specialty retailer’s stock after purchasing an additional 3,668 shares during the quarter. Integrity Alliance LLC.’s holdings in Alibaba Group were worth $1,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Temasek Holdings Private Ltd increased its position in Alibaba Group by 23.4% during the first 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. increased 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 acquiring an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. increased its position in 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 acquiring an additional 4,373 shares during the period. Causeway Capital Management LLC increased its position in 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 acquiring an additional 404,842 shares during the period. Finally, Independent Advisor Alliance boosted its stake in Alibaba Group by 53.1% during the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock worth $1,725,000 after buying an additional 4,521 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent research reports. Susquehanna lifted their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Nomura lifted their price target on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, Bank of America lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.18.

Alibaba Group Stock Down 2.2%

BABA opened at $170.17 on Friday. The firm’s 50-day simple moving average is $161.36 and its 200-day simple moving average is $133.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67. The firm has a market cap of $406.04 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.40 and a beta of 0.18.

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.