Charles Schwab Investment Management Inc. Acquires Shares of 13,917 Alibaba Group Holding Limited $BABA

Charles Schwab Investment Management Inc. acquired a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,917 shares of the specialty retailer's stock, valued at approximately $1,840,000.Get Alibaba Group alerts:These 3 Chinese Stocks Could Be a Ticking Time Bomb of GrowthOther hedge funds have also modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new position in shares of Alibaba Group in the 1st quarter valued at about $26,000. Evolution Wealth Advisors LLC grew its holdings in Alibaba Group by 7.0% in the first quarter. Evolution Wealth Advisors LLC now owns 5,890 shares of the specialty retailer's stock valued at $779,000 after purchasing an additional 385 shares during the period. Wharton Business Group LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at approximately $251,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Alibaba Group in the first quarter valued at approximately $308,000. Finally, Exencial Wealth Advisors LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth approximately $252,000. 13.47% of the stock is owned by hedge funds and other institutional investors. Alibaba Group Price PerformanceAlibaba Group stock opened at $135.11 on Monday. The company has a fifty day simple moving average of $117.51 and a 200-day simple moving average of $121.72. The firm has a market capitalization of $322.14 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.99 and a beta of 0.11. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $148.43. Wall Street Analysts Forecast GrowthFor True Diversification: 3 Stocks You Can Buy NowA number of equities research analysts recently issued reports on the stock. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a report on Tuesday, June 24th. Barclays dropped their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Bank of America reduced their price target on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Mizuho decreased their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus price target of $159.67.View Our Latest Analysis on BABAAlibaba Group Company Profile (Free Report)2 Chinese Stocks That Could Leave U.S. Tech in the DustAlibaba 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.See AlsoFive stocks we like better than Alibaba GroupWhat Is WallStreetBets and What Stocks Are They Targeting?Auto Tariffs Are Coming Down: 3 Stocks to Benefit SoonEnergy and Oil Stocks ExplainedTencent Music Stock Outshines Spotify as China’s Music GiantStock Market Upgrades: What Are They?DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Alibaba Group Right Now?Before you consider Alibaba Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here