Philip James Wealth Mangement LLC Has $7.83 Million Holdings in Alibaba Group Holding Limited $BABA

Key Points

• Philip James Wealth Management LLC reduced its stake in Alibaba Group by 22.1%, holding $7.83 million, which makes it the 22nd biggest position in their investment portfolio.
• Several institutional investors have significantly increased their positions in Alibaba, with Kingstone Capital Partners boosting its stake by over 1 million percent during the second quarter.
• Analyst ratings for Alibaba Group have been predominantly positive, with an average rating of "Buy" and a consensus target price of $180.75 following multiple upgrades from various analysts.

Philip James Wealth Mangement LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 22.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 69,052 shares of the specialty retailer's stock after selling 19,590 shares during the period. Alibaba Group comprises 1.0% of Philip James Wealth Mangement LLC's investment portfolio, making the stock its 22nd biggest position. Philip James Wealth Mangement LLC's holdings in Alibaba Group were worth $7,831,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC grew its position in Alibaba Group by 1,349,768.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in 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 worth $578,992,000 after purchasing an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Alibaba Group by 85.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock worth $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent analyst reports. Arete raised shares of Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 price objective for the company in a research report on Wednesday, September 3rd. Benchmark boosted their target price on shares of Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $160.00 target price on shares of Alibaba Group in a research note on Saturday, August 30th. UBS Group reiterated a "buy" rating and issued a $162.00 target price on shares of Alibaba Group in a research note on Sunday, August 31st. Finally, Susquehanna boosted their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the company a "positive" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $180.75.

Alibaba Group Stock Performance

Shares of BABA stock opened at $182.70 on Thursday. The stock has a market capitalization of $435.57 billion, a P/E ratio of 21.24, a PEG ratio of 2.06 and a beta of 0.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The firm's 50 day moving average is $137.93 and its 200 day moving average is $125.56. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $183.08.

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.

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