Alibaba Group Holding Limited $BABA Stock Position Lifted by Aubrey Capital Management Ltd

Key Points

• Aubrey Capital Management Ltd increased its stake in Alibaba Group by 27.3%, now holding approximately $9.7 million worth of shares.
• Other institutional investors, including Kingstone Capital Partners and Mirae Asset Global Investments, significantly boosted their positions in Alibaba during the second quarter.
• Analysts have upgraded Alibaba's stock rating with a target price increase from $145 to $190, indicating strong investor confidence.

Aubrey Capital Management Ltd boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 27.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,818 shares of the specialty retailer's stock after purchasing an additional 18,418 shares during the period. Alibaba Group comprises approximately 3.5% of Aubrey Capital Management Ltd's holdings, making the stock its 10th largest position. Aubrey Capital Management Ltd's holdings in Alibaba Group were worth $9,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC grew its position in Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock valued at $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after purchasing an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BABA has been the subject of a number of analyst reports. Erste Group Bank upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Alibaba Group in a research note on Wednesday, October 8th. Mizuho lifted their target price on shares of Alibaba Group from $149.00 to $159.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Barclays lifted their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Finally, Bank of America lifted their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $188.06.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $165.07 on Friday. The firm has a fifty day simple moving average of $150.05 and a 200-day simple moving average of $128.42. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The stock has a market capitalization of $393.54 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.22 and a beta of 0.18.

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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