Compound Planning Inc. Acquires 3,851 Shares of Alibaba Group Holding Limited $BABA

Key Points

• Compound Planning Inc. increased its stake in Alibaba Group Holding Limited by 17.1%, acquiring an additional 3,851 shares, bringing their total holdings to 26,340 shares valued at approximately $3.48 million.
• Several institutional investors, including Accent Capital Management LLC and Marcum Wealth LLC, also raised their positions in Alibaba during the first quarter, with 13.47% of the stock now owned by institutional investors and hedge funds.
• Wall Street analysts have mixed sentiments towards Alibaba's stock, with an average rating of "Moderate Buy" and a price target of around $159.67, while major firms such as Arete Research have lowered their ratings from "strong-buy" to "hold".

Compound Planning Inc. raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,340 shares of the specialty retailer's stock after acquiring an additional 3,851 shares during the quarter. Compound Planning Inc.'s holdings in Alibaba Group were worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. North Ridge Wealth Advisors Inc. bought a new stake in shares of Alibaba Group during the 1st quarter valued at $26,000. Summit Securities Group LLC raised its position in shares of Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares during the period. Hazlett Burt & Watson Inc. raised its position in shares of Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at $31,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $4.7630 during trading hours on Friday, reaching $122.8530. The company's stock had a trading volume of 13,809,464 shares, compared to its average volume of 10,840,921. The firm has a 50 day moving average price of $116.41 and a 200-day moving average price of $121.16. Alibaba Group Holding Limited has a one year low of $79.21 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $292.98 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.81 and a beta of 0.17.

Analysts Set New Price Targets

Several brokerages have recently commented on BABA. Robert W. Baird decreased their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Benchmark restated a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Mizuho reduced their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.