Northwest & Ethical Investments L.P. Takes $436,000 Position in Alibaba Group Holding Limited $BABA

Key Points

• Northwest & Ethical Investments L.P. has invested $436,000 in Alibaba Group, acquiring 3,300 shares in the first quarter of the year.
• Other institutional investors have also increased their stakes, with American Century Companies Inc. boosting theirs by 52.1%, bringing their total ownership to over $303 million.
• Shares of Alibaba have recently experienced a 1.1% decrease, with a current trading price of $120.06, and a consensus target price from analysts set at $159.67.

Northwest & Ethical Investments L.P. acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,300 shares of the specialty retailer's stock, valued at approximately $436,000.

A number of other institutional investors have also recently bought and sold shares of BABA. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group in the 1st quarter valued at about $26,000. Hazlett Burt & Watson Inc. boosted its holdings in Alibaba Group by 1,960.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at approximately $34,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 4.0%

Shares of NYSE:BABA traded up $4.7630 during trading on Friday, reaching $122.8530. The stock had a trading volume of 13,809,464 shares, compared to its average volume of 11,180,659. The stock has a market cap of $292.98 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.81 and a beta of 0.17. Alibaba Group Holding Limited has a 52 week low of $79.21 and a 52 week high of $148.43. The firm's fifty day moving average is $116.41 and its 200 day moving average is $121.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BABA shares. Robert W. Baird dropped their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Bank of America dropped their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Mizuho dropped their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $159.67.

Alibaba Group 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.