Alibaba Group Holding Ltd (BABA) Shares Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC raised its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 35.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,645 shares of the specialty retailer’s stock after acquiring an additional 6,395 shares during the period. Alibaba Group makes up approximately 1.6% of IPG Investment Advisors LLC’s holdings, making the stock its 17th biggest position. IPG Investment Advisors LLC’s holdings in Alibaba Group were worth $4,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BABA. Altman Advisors Inc. purchased a new stake in Alibaba Group during the 2nd quarter valued at approximately $1,772,000. Bray Capital Advisors bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $202,000. Boston Advisors LLC boosted its position in shares of Alibaba Group by 1,053.1% during the 2nd quarter. Boston Advisors LLC now owns 129,724 shares of the specialty retailer’s stock valued at $24,068,000 after acquiring an additional 118,474 shares during the last quarter. Castleview Partners LLC bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $400,000. Finally, RNC Capital Management LLC boosted its position in shares of Alibaba Group by 16.9% during the 2nd quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock valued at $353,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 38.01% of the company’s stock.

A number of research analysts have recently commented on BABA shares. SunTrust Banks increased their target price on Alibaba Group to $235.00 and gave the company a “buy” rating in a research report on Monday, May 7th. Benchmark reiterated a “buy” rating and set a $245.00 target price on shares of Alibaba Group in a research report on Monday, May 7th. Stifel Nicolaus increased their target price on Alibaba Group from $260.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, May 7th. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Finally, MKM Partners increased their target price on Alibaba Group from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, May 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $231.18.

Shares of BABA opened at $169.83 on Thursday. The firm has a market capitalization of $461.03 billion, a P/E ratio of 42.14, a P/E/G ratio of 1.15 and a beta of 2.49. Alibaba Group Holding Ltd has a 52-week low of $158.54 and a 52-week high of $211.70. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.27.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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