CW Advisors LLC Grows Position in Alibaba Group Holding Limited $BABA

Key Points

• CW Advisors LLC increased its stake in Alibaba by 34.8% during the first quarter, owning a total of 8,526 shares valued at approximately $1.13 million.
• Price T Rowe Associates and Credit Agricole S A also substantially boosted their holdings in Alibaba, with Price T Rowe increasing by 43.0% and Credit Agricole's stake soaring by 523.3%.
• Alibaba's current stock price is around $124.35, with several analysts adjusting their target prices, reflecting a consensus price target of $159.67 after recent ratings assessments.

CW Advisors LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 34.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,526 shares of the specialty retailer's stock after purchasing an additional 2,201 shares during the quarter. CW Advisors LLC's holdings in Alibaba Group were worth $1,129,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in Alibaba Group by 22.6% in 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 purchasing an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $1,136,554,000 after buying an additional 2,584,480 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Alibaba Group by 7.0% during 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 buying an additional 438,537 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alibaba Group by 19.5% during 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 acquiring an additional 752,275 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised 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 worth $578,992,000 after acquiring an additional 4,246,564 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BABA has been the topic of several recent analyst reports. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Bank of America lowered their target price 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. Finally, Robert W. Baird dropped their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $159.67.

Alibaba Group Price Performance

NYSE:BABA traded up $15.66 during trading hours on Friday, reaching $135.23. The stock had a trading volume of 73,735,999 shares, compared to its average volume of 21,108,168. The stock has a market capitalization of $322.49 billion, a PE ratio of 18.13, a PEG ratio of 1.80 and a beta of 0.17. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $148.43. The company has a 50 day moving average price of $117.06 and a two-hundred day moving average price of $121.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

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.