Alibaba Group Holding Limited $BABA Shares Acquired by Knuff & Co LLC

Key Points

• Knuff & Co LLC has increased its holdings in Alibaba Group by 10.9%, now owning 51,176 shares valued at approximately $6.77 million, making it the firm's 11th largest position.
• Multiple institutional investors have recently made moves in Alibaba shares, with North Ridge Wealth Advisors and others acquiring new stakes valued between $26,000 and $34,000 during the same period.
• Despite recent adjustments, analysts generally maintain a Moderate Buy rating on Alibaba Group, with an average target price of $153.29.

Knuff & Co LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 10.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,176 shares of the specialty retailer's stock after buying an additional 5,012 shares during the period. Alibaba Group makes up about 2.3% of Knuff & Co LLC's portfolio, making the stock its 11th largest position. Knuff & Co LLC's holdings in Alibaba Group were worth $6,767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 valued at $578,992,000 after acquiring an additional 4,246,564 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after buying an additional 2,885,154 shares in the last quarter. Trivest Advisors Ltd acquired a new position in Alibaba Group during the first quarter worth $295,270,000. Invesco Ltd. raised its position in Alibaba Group by 55.9% during the first quarter. Invesco Ltd. now owns 3,513,012 shares of the specialty retailer's stock worth $464,526,000 after acquiring an additional 1,259,718 shares during the period. Finally, Janus Henderson Group PLC raised its position in Alibaba Group by 95.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after acquiring an additional 1,030,999 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird cut their price objective 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. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Barclays lowered their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research report on Tuesday, June 24th. Finally, Benchmark restated a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus target price of $159.67.

Alibaba Group Price Performance

BABA stock traded down $1.3370 during trading on Tuesday, hitting $120.0630. The stock had a trading volume of 7,956,539 shares, compared to its average volume of 21,218,314. The company's 50 day moving average price is $116.23 and its two-hundred day moving average price is $120.75. Alibaba Group Holding Limited has a 1-year low of $79.21 and a 1-year high of $148.43. The stock has a market cap of $286.33 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.78 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.

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.