D L Carlson Investment Group Inc. Has $5.91 Million Stock Position in Alibaba Group Holding Limited $BABA

Key Points

• D L Carlson Investment Group Inc. reduced its stake in Alibaba Group by 5.6%, selling 2,667 shares and now holding 44,706 shares valued at approximately $5.9 million.
• Multiple institutional investors are increasing or initiating positions in Alibaba, including North Ridge Wealth Advisors, which invested $26,000, and Hazlett Burt & Watson, which raised its stake by 1,960% in the first quarter.
• Analysts have mixed opinions on Alibaba, with current price targets ranging from a low of $142 to as high as $176, while maintaining a consensus rating of "Moderate Buy."

D L Carlson Investment Group Inc. cut its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,706 shares of the specialty retailer's stock after selling 2,667 shares during the quarter. Alibaba Group comprises about 1.1% of D L Carlson Investment Group Inc.'s investment portfolio, making the stock its 20th biggest position. D L Carlson Investment Group Inc.'s holdings in Alibaba Group were worth $5,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Alibaba Group by 52.1% during the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock valued at $303,215,000 after purchasing an additional 785,494 shares during the last quarter. Causeway Capital Management LLC grew its holdings in shares of Alibaba Group by 42.6% during the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer's stock valued at $179,305,000 after purchasing an additional 404,842 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of Alibaba Group during the first quarter valued at approximately $4,074,000. KMG Fiduciary Partners LLC bought a new position in shares of Alibaba Group during the first quarter valued at approximately $1,948,000. Finally, Avaii Wealth Management LLC bought a new position in shares of Alibaba Group during the first quarter valued at approximately $563,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Trading Up 13.0%

BABA stock traded up $15.54 during trading on Friday, hitting $135.11. The company had a trading volume of 82,003,855 shares, compared to its average volume of 21,166,904. The firm has a 50-day moving average price of $117.06 and a 200-day moving average price of $121.53. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $148.43. The stock has a market cap of $322.22 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.80 and a beta of 0.17.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BABA shares. Benchmark reissued a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Mizuho decreased 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 decreased their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday, July 11th. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $159.67.

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.