50,000 Shares in Alibaba Group Holding Limited $BABA Bought by Global Frontier Investments LLC

Key Points

• Global Frontier Investments bought a new stake of 50,000 shares of Alibaba (NYSE:BABA) in Q2 valued at about $5.67 million, making the stock 1.4% of its portfolio and its 12th-largest holding.
• Analysts are broadly positive — MarketBeat shows a consensus rating of Moderate Buy with an average price target of $191.89, and several firms (e.g., Nomura) have recently raised their targets.
• Alibaba trades with a market cap of $375.06 billion and a P/E of 18.28, with a 52-week range of $80.06 to $192.67 (50-day SMA $168.30, 200-day SMA $138.89).

Global Frontier Investments LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the specialty retailer's stock, valued at approximately $5,671,000. Alibaba Group comprises 1.4% of Global Frontier Investments LLC's portfolio, making the stock its 12th largest position.

Other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC boosted its stake in shares of Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after purchasing an additional 82 shares in the last quarter. Wedbush Securities Inc. boosted its position in Alibaba Group by 2.1% in the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer's stock valued at $480,000 after buying an additional 88 shares in the last quarter. CWM LLC grew its stake in shares of Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer's stock worth $1,364,000 after buying an additional 92 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Alibaba Group by 1.0% during the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer's stock worth $1,109,000 after buying an additional 94 shares during the last quarter. Finally, EWG Elevate Inc. increased its holdings in shares of Alibaba Group by 5.2% during the second quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer's stock worth $224,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BABA. Nomura raised their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Benchmark reissued a "buy" rating and set a $195.00 price target on shares of Alibaba Group in a research note on Tuesday, November 25th. Macquarie reaffirmed an "outperform" rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Sanford C. Bernstein cut their target price on shares of Alibaba Group from $200.00 to $190.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Robert W. Baird upped their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $191.89.

Alibaba Group Stock Performance

NYSE:BABA opened at $157.19 on Monday. 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 fifty-two week low of $80.06 and a fifty-two week high of $192.67. The company has a 50 day simple moving average of $168.30 and a two-hundred day simple moving average of $138.89. The company has a market capitalization of $375.06 billion, a PE ratio of 18.28, a P/E/G ratio of 2.40 and a beta of 0.19.

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.

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