Roman Butler Fullerton & Co. Acquires Shares of 2,335 Alibaba Group Holding Limited (NYSE:BABA)

Roman Butler Fullerton & Co. purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,335 shares of the specialty retailer's stock, valued at approximately $210,000.

A number of other institutional investors also recently modified their holdings of BABA. AMF Tjanstepension AB grew its stake in Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer's stock worth $296,062,000 after purchasing an additional 178,999 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock valued at $361,000 after acquiring an additional 139 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Alibaba Group by 66.6% during the 3rd quarter. Global Retirement Partners LLC now owns 3,978 shares of the specialty retailer's stock valued at $422,000 after acquiring an additional 1,590 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Alibaba Group by 6.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 11,056 shares of the specialty retailer's stock valued at $1,173,000 after acquiring an additional 673 shares during the period. Finally, Secure Asset Management LLC bought a new position in Alibaba Group during the third quarter worth $218,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 1.0 %

Shares of BABA traded down $1.33 during trading hours on Wednesday, reaching $125.57. 33,957,857 shares of the stock traded hands, compared to its average volume of 26,089,027. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $129.02. The company has a market cap of $298.36 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 0.53 and a beta of 0.31. The stock has a fifty day simple moving average of $92.64 and a 200 day simple moving average of $91.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BABA shares. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Benchmark reaffirmed a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com cut Alibaba Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.93.

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.