Dorsey & Whitney Trust CO LLC Purchases New Position in Alibaba Group Holding Limited $BABA

Key Points

• Dorsey & Whitney Trust CO LLC has purchased a new stake in Alibaba Group, acquiring 3,083 shares valued at approximately $408,000 in the first quarter of the year.
• Several institutional investors have significantly increased their positions in Alibaba, with GeoWealth Management LLC exhibiting the largest increase at 119.1% during the fourth quarter.
• Analysts have mixed sentiments about Alibaba's stock, with Bank of America and Mizuho lowering their price targets, but a consensus rating of "Moderate Buy" persists among investment analysts.

Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,083 shares of the specialty retailer's stock, valued at approximately $408,000.

Several other institutional investors also recently bought and sold shares of BABA. Brighton Jones LLC increased its position in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after buying an additional 981 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Alibaba Group by 11.0% in the fourth quarter. Guggenheim Capital LLC now owns 7,794 shares of the specialty retailer's stock valued at $661,000 after buying an additional 770 shares in the last quarter. GeoWealth Management LLC increased its position in shares of Alibaba Group by 119.1% in the fourth quarter. GeoWealth Management LLC now owns 1,126 shares of the specialty retailer's stock valued at $95,000 after buying an additional 612 shares in the last quarter. First Trust Advisors LP increased its position in shares of Alibaba Group by 2.2% in the fourth quarter. First Trust Advisors LP now owns 47,897 shares of the specialty retailer's stock valued at $4,061,000 after buying an additional 1,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Alibaba Group by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,741,485 shares of the specialty retailer's stock valued at $147,661,000 after buying an additional 103,916 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America cut their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Mizuho lowered their price target 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. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average target price of $159.67.

Alibaba Group Stock Up 4.0%

NYSE BABA opened at $122.8530 on Friday. The business has a fifty day moving average price of $116.41 and a 200 day moving average price of $121.01. The company has a market cap of $292.98 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.74 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. Alibaba Group Holding Limited has a one year low of $79.21 and a one year high of $148.43.

Alibaba Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.