American Century Companies Inc. Increases Stake in Alibaba Group Holding Limited $BABA

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. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 52.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,293,085 shares of the specialty retailer's stock after acquiring an additional 785,494 shares during the quarter. American Century Companies Inc. owned about 0.10% of Alibaba Group worth $303,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ethic Inc. increased its stake in shares of Alibaba Group by 7.2% in the first quarter. Ethic Inc. now owns 15,421 shares of the specialty retailer's stock valued at $2,046,000 after buying an additional 1,039 shares in the last quarter. Aberdeen Group plc bought a new stake in shares of Alibaba Group in the first quarter worth $600,000. Liontrust Investment Partners LLP grew its stake in Alibaba Group by 6.1% in the first quarter. Liontrust Investment Partners LLP now owns 188,172 shares of the specialty retailer's stock valued at $24,882,000 after purchasing an additional 10,878 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Alibaba Group by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,790,973 shares of the specialty retailer's stock valued at $236,820,000 after buying an additional 49,488 shares during the period. Finally, Horizon Investments LLC increased its position in Alibaba Group by 5.7% during the 1st quarter. Horizon Investments LLC now owns 20,921 shares of the specialty retailer's stock worth $2,766,000 after buying an additional 1,125 shares during the period. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of several analyst reports. Barclays reduced their price target on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Mizuho reduced their target price 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. Finally, Robert W. Baird reduced their target price on Alibaba Group from $147.00 to $142.00 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $159.67.

Alibaba Group Price Performance

BABA stock traded down $0.3380 during mid-day trading on Tuesday, reaching $121.0620. 4,481,609 shares of the company traded hands, compared to its average volume of 21,194,316. The company has a fifty day moving average price of $116.23 and a 200-day moving average price of $120.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 52-week low of $79.21 and a 52-week high of $148.43. The company has a market capitalization of $288.71 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.78 and a beta of 0.17.

About Alibaba Group

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.