Aberdeen Group plc Takes Position in Alibaba Group Holding Limited $BABA

Aberdeen Group plc acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,535 shares of the specialty retailer's stock, valued at approximately $600,000.

Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC increased its stake in Alibaba Group by 5.5% in the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after acquiring an additional 82 shares during the period. Greenleaf Trust grew its stake in shares of Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after purchasing an additional 85 shares during the period. Marcum Wealth LLC raised its holdings in shares of Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after buying an additional 86 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after buying an additional 89 shares in the last quarter. Finally, Institute for Wealth Management LLC. lifted its position in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after buying an additional 93 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock opened at $122.8530 on Friday. The stock has a market cap of $292.98 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.74 and a beta of 0.17. Alibaba Group Holding Limited has a 12-month low of $79.21 and a 12-month high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $116.41 and its 200 day simple moving average is $121.01.

Analyst Ratings Changes

Several research analysts have issued reports on BABA shares. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a report on Tuesday, June 24th. Mizuho decreased their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Bank of America dropped their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus 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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