Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Alibaba Group by 52.1% during the first quarter, owning over 2.2 million shares valued at approximately $303 million.
• Several other institutional investors also adjusted their positions in Alibaba, with an ownership level of 13.47% by institutional investors overall.
• Analysts have mixed views on Alibaba's stock, with target prices ranging from $135.00 to $153.00, and a general average rating of "Moderate Buy."

American Century Companies Inc. increased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 52.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293,085 shares of the specialty retailer's stock after purchasing an additional 785,494 shares during the quarter. American Century Companies Inc. owned 0.10% of Alibaba Group worth $303,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC bought a new stake in shares of Alibaba Group in the 1st quarter worth approximately $4,074,000. KMG Fiduciary Partners LLC bought a new stake in shares of Alibaba Group in the 1st quarter worth approximately $1,948,000. Avaii Wealth Management LLC bought a new stake in shares of Alibaba Group in the 1st quarter worth approximately $563,000. Fiduciary Alliance LLC increased its position in shares of Alibaba Group by 18.3% in the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after acquiring an additional 18,230 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Alibaba Group by 53.1% in the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer's stock worth $1,725,000 after acquiring an additional 4,521 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $122.29 on Friday. The company's fifty day moving average is $116.20 and its 200-day moving average is $120.13. Alibaba Group Holding Limited has a 12 month low of $77.74 and a 12 month high of $148.43. The firm has a market cap of $291.63 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.87 and a beta of 0.17. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.

Wall Street Analysts Forecast Growth

BABA has been the topic of several analyst reports. Robert W. Baird dropped their target price 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. 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 downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research report on Tuesday, June 24th. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Finally, Bank of America dropped their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.29.

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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