Foundations Investment Advisors LLC Purchases 15,342 Shares of Alibaba Group Holding Limited $BABA

Foundations Investment Advisors LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 182,286 shares of the specialty retailer’s stock after buying an additional 15,342 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Alibaba Group were worth $20,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Alibaba Group by 10.5% during the first quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the specialty retailer’s stock worth $139,000 after purchasing an additional 100 shares in the last quarter. Xponance Inc. lifted its stake in shares of Alibaba Group by 58.6% in the first quarter. Xponance Inc. now owns 4,296 shares of the specialty retailer’s stock worth $568,000 after buying an additional 1,587 shares in the last quarter. Stephens Inc. AR grew its stake in Alibaba Group by 1.6% during the 1st quarter. Stephens Inc. AR now owns 7,366 shares of the specialty retailer’s stock valued at $974,000 after acquiring an additional 118 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in Alibaba Group during the first quarter worth approximately $233,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, October 8th. CLSA upped their price target on Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Finally, Barclays increased their target price on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

BABA stock opened at $153.66 on Friday. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The firm has a market capitalization of $366.64 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.40 and a beta of 0.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50-day moving average is $167.90 and its two-hundred day moving average is $136.53.

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.