Kingstone Capital Partners Texas LLC Has $5.56 Billion Position in Alibaba Group Holding Limited $BABA

Key Points

• Kingstone Capital Partners Texas LLC significantly increased its stake in Alibaba Group by 1,349,768.3%, owning approximately 2.05% of the company, valued at $5.56 billion after purchasing an additional 49 million shares.
• Several institutional investors have also raised their holdings in Alibaba Group during the second quarter, with a collective 13.47% of the stock now owned by such investors.
• Wall Street analysts have a generally positive outlook on Alibaba Group, with the average price target set at $168.81, reflecting multiple upgrades to "buy" ratings from various brokerages.

Kingstone Capital Partners Texas LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,349,768.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,013,718 shares of the specialty retailer's stock after acquiring an additional 49,010,087 shares during the quarter. Kingstone Capital Partners Texas LLC owned about 2.05% of Alibaba Group worth $5,558,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Brighton Jones LLC boosted its position in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 981 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Alibaba Group by 15.0% during the 4th quarter. Quantinno Capital Management LP now owns 22,612 shares of the specialty retailer's stock valued at $1,917,000 after purchasing an additional 2,953 shares during the last quarter. Vident Advisory LLC grew its position in Alibaba Group by 10.3% in the 4th quarter. Vident Advisory LLC now owns 21,058 shares of the specialty retailer's stock valued at $1,786,000 after acquiring an additional 1,971 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Alibaba Group by 184.6% in the 4th quarter. Waverly Advisors LLC now owns 22,299 shares of the specialty retailer's stock worth $1,891,000 after buying an additional 14,464 shares during the period. Finally, Poehling Capital Management INC. lifted its holdings in shares of Alibaba Group by 32.7% in the 4th quarter. Poehling Capital Management INC. now owns 36,526 shares of the specialty retailer's stock worth $3,097,000 after buying an additional 8,998 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research reports. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Citigroup increased their price target on Alibaba Group from $148.00 to $187.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Robert W. Baird lifted their price objective on Alibaba Group from $142.00 to $153.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Benchmark lifted their target price on Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group lifted their price target on Alibaba Group from $165.00 to $178.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $168.81.

Alibaba Group Stock Performance

BABA stock traded up $1.51 during midday trading on Monday, reaching $164.32. The company had a trading volume of 12,357,795 shares, compared to its average volume of 21,488,521. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $128.92 and a 200 day moving average price of $123.37. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $167.44. The firm has a market capitalization of $391.75 billion, a PE ratio of 19.11, a P/E/G ratio of 2.00 and a beta of 0.11.

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.