Mitsubishi UFJ Asset Management Co. Ltd. Trims Stock Holdings in Alibaba Group Holding Limited $BABA

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,110 shares of the specialty retailer’s stock after selling 4,626 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Alibaba Group were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its position in shares of Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after buying an additional 3,947,460 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its position in shares of 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 valued at $728,633,000 after buying an additional 1,045,789 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BABA shares. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Jefferies Financial Group upped their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Benchmark raised their price target on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Sanford C. Bernstein boosted their price target on shares of Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Susquehanna upped their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, September 18th. One 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $190.18.

Alibaba Group Trading Up 1.4%

Shares of Alibaba Group stock opened at $160.06 on Friday. 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. The firm has a market cap of $381.92 billion, a PE ratio of 18.61, a PEG ratio of 2.40 and a beta of 0.19. The company has a 50 day simple moving average of $167.53 and a two-hundred day simple moving average of $136.28.

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.