Dimensional Fund Advisors LP Buys 49,488 Shares of Alibaba Group Holding Limited $BABA

Dimensional Fund Advisors LP lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,790,973 shares of the specialty retailer's stock after buying an additional 49,488 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Alibaba Group worth $236,820,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WCM Investment Management LLC purchased a new position in Alibaba Group in the first quarter worth $4,074,000. KMG Fiduciary Partners LLC purchased a new position in Alibaba Group in the first quarter worth $1,948,000. Avaii Wealth Management LLC purchased a new position in Alibaba Group in the first quarter worth $563,000. Fiduciary Alliance LLC boosted its position in Alibaba Group by 18.3% in the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after purchasing an additional 18,230 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in shares of Alibaba Group by 53.1% in the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer's stock valued at $1,725,000 after buying an additional 4,521 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BABA. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Barclays lowered their target price on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Mizuho lowered their target price 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, Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.38.

Alibaba Group Price Performance

BABA traded up $0.15 during trading on Monday, reaching $121.41. 8,510,657 shares of the company were exchanged, compared to its average volume of 11,928,832. The company's 50-day moving average is $116.23 and its two-hundred day moving average is $120.75. The company has a market cap of $289.54 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.78 and a beta of 0.17. 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 $79.21 and a 12-month high of $148.43.

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.