Boston Partners Purchases 5,216 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Boston Partners raised its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,677 shares of the specialty retailer's stock after purchasing an additional 5,216 shares during the period. Boston Partners' holdings in Alibaba Group were worth $2,999,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BABA. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alibaba Group by 3,214.5% in the 1st 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 during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after acquiring an additional 2,885,154 shares during the last quarter. Trivest Advisors Ltd bought a new stake in shares of Alibaba Group during the 1st quarter worth $295,270,000. Invesco Ltd. lifted its holdings in shares of Alibaba Group by 55.9% during the 1st quarter. Invesco Ltd. now owns 3,513,012 shares of the specialty retailer's stock worth $464,526,000 after acquiring an additional 1,259,718 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Alibaba Group by 95.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after acquiring an additional 1,030,999 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BABA. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Mizuho dropped their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a report on Wednesday, May 14th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Finally, Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.38.

Alibaba Group Price Performance

BABA stock opened at $121.12 on Friday. The firm's 50-day moving average price is $116.23 and its two-hundred day moving average price is $120.46. Alibaba Group Holding Limited has a 12-month low of $79.21 and a 12-month high of $148.43. The stock has a market capitalization of $288.85 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.78 and a beta of 0.17. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

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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