2,000 Shares in Alibaba Group Holding Limited $BABA Acquired by Sassicaia Capital Advisers LLC

Key Points

• Sassicaia Capital Advisers LLC acquired 2,000 shares of Alibaba Group, valued at approximately $264,000, making it about 1.0% of their total holdings.
• Several other institutional investors also increased their positions in Alibaba, with significant percentage increases such as Hazlett Burt & Watson Inc., which grew its holdings by 1,960.0%.
• Analysts have varied price targets for Alibaba's stock, with a consensus target price of $159.67 and a rating of "Moderate Buy" from ten research analysts.

Sassicaia Capital Advisers LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,000 shares of the specialty retailer's stock, valued at approximately $264,000. Alibaba Group accounts for 1.0% of Sassicaia Capital Advisers LLC's holdings, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Baird Financial Group Inc. lifted its holdings in Alibaba Group by 17.0% in the first quarter. Baird Financial Group Inc. now owns 456,663 shares of the specialty retailer's stock worth $60,385,000 after buying an additional 66,430 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Alibaba Group by 21.1% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,796 shares of the specialty retailer's stock valued at $502,000 after purchasing an additional 662 shares in the last quarter. Kingdon Capital Management L.L.C. bought a new position in shares of Alibaba Group during the first quarter valued at approximately $8,198,000. Panagora Asset Management Inc. increased its stake in shares of Alibaba Group by 3.2% during the first quarter. Panagora Asset Management Inc. now owns 42,182 shares of the specialty retailer's stock valued at $5,578,000 after purchasing an additional 1,304 shares in the last quarter. Finally, 7G Capital Management LLC bought a new position in shares of Alibaba Group during the first quarter valued at approximately $9,917,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 13.0%

Shares of BABA traded up $15.54 on Friday, hitting $135.11. 82,003,855 shares of the stock traded hands, compared to its average volume of 14,601,554. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The business has a 50 day simple moving average of $117.51 and a 200 day simple moving average of $121.72. The company has a market capitalization of $322.14 billion, a PE ratio of 15.71, a P/E/G ratio of 1.99 and a beta of 0.11.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BABA shares. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Bank of America decreased their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Robert W. Baird decreased their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Mizuho reduced their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research report on Wednesday, May 14th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $159.67.

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.