Vestmark Advisory Solutions Inc. Buys 3,187 Shares of Alibaba Group Holding Limited $BABA

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its stake in Alibaba Group by 97.7%, acquiring an additional 3,187 shares, bringing its total holdings to 6,448 shares valued at approximately $853,000.
• Analysts have set various price targets for Alibaba Group, with estimates ranging from $135.00 to $180.00, reflecting mixed sentiment; the average target stands at $157.38 and the stock currently has a rating of "Moderate Buy."
• As of the latest data, Alibaba Group's stock is down 0.9%, trading at $121.12, with a 52-week low of $79.21 and a high of $148.43, alongside substantial institutional investor ownership at 13.47%.

Vestmark Advisory Solutions Inc. boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 97.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,448 shares of the specialty retailer's stock after buying an additional 3,187 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Alibaba Group were worth $853,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC bought a new position in Alibaba Group during the first quarter valued at about $4,074,000. KMG Fiduciary Partners LLC bought a new position in Alibaba Group during the first quarter worth about $1,948,000. Avaii Wealth Management LLC bought a new position in Alibaba Group during the first quarter worth about $563,000. Fiduciary Alliance LLC boosted its position in Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after purchasing an additional 18,230 shares during the period. Finally, Independent Advisor Alliance boosted its position in Alibaba Group by 53.1% during the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer's stock worth $1,725,000 after purchasing an additional 4,521 shares during the period. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BABA. Benchmark reiterated a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Robert W. Baird cut 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. Finally, Loop Capital set a $176.00 target price on shares of Alibaba Group in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $159.67.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded down $1.0210 on Wednesday, reaching $118.9690. The stock had a trading volume of 2,557,008 shares, compared to its average volume of 21,096,809. Alibaba Group Holding Limited has a 1 year low of $79.21 and a 1 year high of $148.43. The company has a market cap of $283.72 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.79 and a beta of 0.17. 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 business's 50 day moving average is $116.19 and its two-hundred day moving average is $120.74.

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.