Capital Wealth Planning LLC Acquires 80,951 Shares of Alibaba Group Holding Limited $BABA

Capital Wealth Planning LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 151.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,406 shares of the specialty retailer’s stock after buying an additional 80,951 shares during the period. Capital Wealth Planning LLC’s holdings in Alibaba Group were worth $24,022,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Alibaba Group in the first quarter worth $254,000. Savant Capital LLC increased its position in Alibaba Group by 23.6% during the second quarter. Savant Capital LLC now owns 9,734 shares of the specialty retailer’s stock worth $1,104,000 after acquiring an additional 1,861 shares during the period. Allworth Financial LP raised its stake in Alibaba Group by 98.6% during the 2nd quarter. Allworth Financial LP now owns 7,065 shares of the specialty retailer’s stock valued at $801,000 after purchasing an additional 3,507 shares during the last quarter. Finally, Boston Partners raised its stake in Alibaba Group by 120.4% during the 2nd quarter. Boston Partners now owns 49,989 shares of the specialty retailer’s stock valued at $5,669,000 after purchasing an additional 27,312 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Wednesday, January 21st. Loop Capital set a $140.00 target price on shares of Alibaba Group in a research note on Tuesday, January 6th. Citigroup lifted their target price on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group lowered their price target on Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.17.

View Our Latest Stock Report on Alibaba Group

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Alibaba Group Stock Up 0.8%

BABA opened at $135.25 on Friday. The company has a market capitalization of $322.90 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.93 and a beta of 0.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s fifty day moving average price is $156.08 and its two-hundred day moving average price is $158.19. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67.

Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

See Also

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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