4,948 Shares in Alibaba Group Holding Limited $BABA Purchased by Hobbs Group Advisors LLC

Key Points

• Hobbs Group Advisors LLC acquired 4,948 shares of Alibaba Group Holding Limited, valued at approximately $654,000, during the first quarter.
• Alibaba Group's market capitalization stands at $285.03 billion with a P/E ratio of 16.04, indicating stable growth opportunities.
• Analysts have set varying price targets for Alibaba Group, with the average target at $159.67, and the stock currently holds a "Moderate Buy" rating.

Hobbs Group Advisors LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,948 shares of the specialty retailer's stock, valued at approximately $654,000.

Other institutional investors also recently bought and sold shares of the company. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC boosted its stake in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 59,000 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Alibaba Group in the first quarter worth approximately $31,000. Finally, Inlight Wealth Management LLC purchased a new position in Alibaba Group during the first quarter worth approximately $31,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 0.4%

NYSE:BABA opened at $119.5190 on Thursday. The stock has a 50-day simple moving average of $116.18 and a 200-day simple moving average of $120.73. The stock has a market cap of $285.03 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.76 and a beta of 0.17. Alibaba Group Holding Limited has a 1 year low of $79.21 and a 1 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.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research report on Wednesday, May 14th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird lowered their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Mizuho lowered their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and an average price target of $159.67.

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.

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