Northwestern Mutual Wealth Management Co. Has $9.25 Million Holdings in Alibaba Group Holding Limited $BABA

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Alibaba Group by 4.8%, owning a total of 69,922 shares valued at approximately $9.25 million.
• Several institutional investors, including American Century Companies Inc., significantly boosted their holdings in Alibaba during the 1st quarter of the year.
• Analysts have recently lowered price targets for Alibaba, with an average target of $159.67, and twelve analysts categorizing the stock as either "Hold" or "Buy."

Northwestern Mutual Wealth Management Co. grew its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,922 shares of the specialty retailer's stock after purchasing an additional 3,224 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Alibaba Group were worth $9,246,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Alibaba Group by 52.1% in the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock valued at $303,215,000 after purchasing an additional 785,494 shares during the period. WCM Investment Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $4,074,000. KMG Fiduciary Partners LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $1,948,000. Avaii Wealth Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $563,000. Finally, Fiduciary Alliance LLC increased its holdings in shares of Alibaba Group by 18.3% in the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock valued at $15,596,000 after purchasing an additional 18,230 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA stock traded up $15.54 during trading hours on Friday, hitting $135.11. 82,003,855 shares of the stock were exchanged, compared to its average volume of 21,166,904. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $322.22 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.80 and a beta of 0.17. The company has a 50-day simple moving average of $117.06 and a two-hundred day simple moving average of $121.53. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $148.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BABA shares. Benchmark restated a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Mizuho dropped their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Bank of America decreased their target price 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. Finally, Robert W. Baird decreased their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and an average price target 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.