Alibaba Group Holding Limited $BABA Shares Purchased by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its holdings in Alibaba Group, buying an additional 8,445 shares, raising its ownership stake by 767.7% in the first quarter, totaling $1,166,000 in value.
• Various institutional investors, including American Century Companies Inc. and Causeway Capital Management LLC, have also boosted their stakes in Alibaba, reflecting a growing institutional interest in the company.
• Analysts have varied opinions on Alibaba's stock, with target prices ranging from $145.00 to $195.00, and many maintaining an overall "Buy" rating, suggesting a positive outlook for the company.

Banque Transatlantique SA raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 767.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,545 shares of the specialty retailer's stock after purchasing an additional 8,445 shares during the quarter. Banque Transatlantique SA's holdings in Alibaba Group were worth $1,166,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BABA. AQR Capital Management LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at about $254,000. Ardsley Advisory Partners LP purchased a new stake in shares of Alibaba Group in the first quarter valued at about $1,190,000. Advisors Asset Management Inc. boosted its holdings in shares of Alibaba Group by 18.0% in the first quarter. Advisors Asset Management Inc. now owns 4,941 shares of the specialty retailer's stock valued at $653,000 after acquiring an additional 754 shares in the last quarter. Alight Capital Management LP purchased a new stake in shares of Alibaba Group in the first quarter valued at about $1,058,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Alibaba Group in the first quarter valued at about $71,453,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 3.5%

Shares of NYSE:BABA traded up $4.57 during trading on Friday, reaching $135.49. The stock had a trading volume of 19,166,179 shares, compared to its average volume of 17,007,000. The business has a fifty day moving average price of $119.59 and a 200-day moving average price of $122.09. The company has a quick ratio of 1.55, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market cap of $323.03 billion, a P/E ratio of 15.75, a PEG ratio of 1.89 and a beta of 0.11. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $148.43.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BABA shares. Benchmark lifted their target price on shares of Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Arete raised shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 price objective on the stock in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Alibaba Group from $142.00 to $153.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. Barclays decreased their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $163.53.

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.