Callan Family Office LLC Makes New $304,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Callan Family Office LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,301 shares of the specialty retailer's stock, valued at approximately $304,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Alibaba Group by 22.6% in 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 during the last quarter. Bank of America Corp DE grew its holdings in Alibaba Group by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after purchasing an additional 438,537 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Alibaba Group by 19.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock valued at $390,885,000 after purchasing an additional 752,275 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Alibaba Group by 3,214.5% in 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 during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Alibaba Group by 1.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer's stock valued at $337,377,000 after purchasing an additional 44,901 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Robert W. Baird decreased their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Mizuho decreased their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of "Moderate Buy" and an average price target of $153.29.

Alibaba Group Stock Performance

NYSE BABA opened at $122.29 on Friday. The business's 50-day moving average price is $116.20 and its 200 day moving average price is $120.13. Alibaba Group Holding Limited has a twelve month low of $77.74 and a twelve month high of $148.43. The company has a market capitalization of $291.63 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.87 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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