Alibaba Group Holding Limited $BABA Stake Raised by Triata Capital Ltd

Key Points

• Triata Capital Ltd has significantly increased its stake in Alibaba Group Holding Limited by 1,708.3%, now owning 87,541 shares valued at $11.58 million.
• Institutional investors currently hold 13.47% of Alibaba's stock, with several firms acquiring new positions or increasing their holdings in the first quarter of 2023.
• Analysts have mixed ratings on Alibaba, with a consensus rating of "Moderate Buy" and an average target price of $157.38, while some analysts have downgraded their ratings recently.

Triata Capital Ltd increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,708.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,541 shares of the specialty retailer's stock after buying an additional 82,700 shares during the period. Alibaba Group comprises about 2.6% of Triata Capital Ltd's portfolio, making the stock its 8th biggest position. Triata Capital Ltd's holdings in Alibaba Group were worth $11,576,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Alibaba Group by 52.1% during the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock worth $303,215,000 after acquiring an additional 785,494 shares in the last quarter. WCM Investment Management LLC purchased a new position in Alibaba Group in the first quarter valued at approximately $4,074,000. KMG Fiduciary Partners LLC acquired a new stake in Alibaba Group during the first quarter worth approximately $1,948,000. Avaii Wealth Management LLC purchased a new stake in shares of Alibaba Group during the 1st quarter worth approximately $563,000. Finally, Fiduciary Alliance LLC boosted 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 buying an additional 18,230 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the topic of several research analyst reports. Barclays cut their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a research note on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a report on Wednesday, May 14th. Finally, Bank of America lowered their price target on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and an average target price of $159.67.

Alibaba Group Price Performance

Alibaba Group stock traded down $0.4710 during mid-day trading on Wednesday, reaching $119.5190. The company had a trading volume of 7,050,782 shares, compared to its average volume of 21,129,689. The stock's 50-day simple moving average is $116.19 and its 200-day simple moving average is $120.74. The company has a market capitalization of $285.03 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.79 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 1 year low of $79.21 and a 1 year high of $148.43.

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.