Vanguard Personalized Indexing Management LLC Increases Holdings in Alibaba Group Holding Limited $BABA

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Alibaba Group by 32.1%, bringing their total shares owned to 26,432 at a value of approximately $2,998,000.
• Several institutional investors also made moves, with Hazlett Burt & Watson Inc. increasing its stake by 1,960.0% to 206 shares and Summit Securities Group LLC boosting its holdings by 100.3%.
• Alibaba Group's shares experienced a 1.9% increase, with a current market cap of $395.48 billion and a consensus analyst rating of "Buy".

Vanguard Personalized Indexing Management LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,432 shares of the specialty retailer's stock after acquiring an additional 6,424 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Alibaba Group were worth $2,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group in the 1st quarter worth approximately $26,000. Summit Securities Group LLC lifted its holdings in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after buying an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Alibaba Group during the first quarter worth $26,000. 1248 Management LLC purchased a new position in Alibaba Group during the first quarter valued at $26,000. Finally, Hazlett Burt & Watson Inc. increased 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 acquiring an additional 196 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 1.9%

Shares of NYSE BABA opened at $165.88 on Thursday. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The firm has a 50-day simple moving average of $149.17 and a two-hundred day simple moving average of $128.19. The company has a market cap of $395.48 billion, a P/E ratio of 19.29, a PEG ratio of 2.18 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

Analyst Upgrades and Downgrades

Several research firms have commented on BABA. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Sanford C. Bernstein increased their price target on Alibaba Group from $167.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Citigroup restated a "buy" rating on shares of Alibaba Group in a report on Wednesday, September 24th. JPMorgan Chase & Co. lowered their target price on Alibaba Group from $245.00 to $240.00 and set an "overweight" rating for the company in a research report on Thursday, October 9th. Finally, UBS Group reissued a "buy" rating and issued a $162.00 target price on shares of Alibaba Group in a report on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $188.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.