<div id="readability-page-1"><p>Retirement Planning Co of New England Inc. grew its holdings in  Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 69.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The fund owned 17,445 shares of the specialty retailer's stock after buying an additional 7,133 shares during the period. Alibaba Group accounts for about  0.8% of Retirement Planning Co of New England Inc.'s portfolio, making the stock its 26th biggest holding. Retirement Planning Co of New England Inc.'s holdings in Alibaba Group were worth $2,307,000 at the end of the most recent quarter.</p><ul><li>These 3 Chinese Stocks Could Be a Ticking Time Bomb of Growth</li></ul><p>Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of  Alibaba Group by 52.1% in the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer's stock valued at $303,215,000 after buying an additional 785,494 shares during the last quarter.  Causeway Capital Management LLC lifted its position in shares of  Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer's stock valued at $179,305,000 after buying an additional 404,842 shares during the last quarter.  WCM Investment Management LLC acquired a new stake in shares of  Alibaba Group in the first quarter valued at approximately $4,074,000.  KMG Fiduciary Partners LLC bought a new position in shares of  Alibaba Group during the first quarter worth approximately $1,948,000.  Finally, Avaii Wealth Management LLC bought a new position in shares of  Alibaba Group during the first quarter worth approximately $563,000. 13.47% of the stock is owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><h2>Alibaba Group Price Performance</h2><p>Alibaba Group stock opened at $135.11 on Friday. The stock's fifty day moving average price is $117.51 and its two-hundred day moving average price is $121.71. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $322.22 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.99 and a beta of 0.17. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>For True Diversification: 3 Stocks You Can Buy Now</li></ul><p>BABA has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Alibaba Group from $147.00 to $142.00 and set an &#34;outperform&#34; rating on the stock in a research note on Friday, May 16th. Mizuho lowered their target price on Alibaba Group from $170.00 to $160.00 and set an &#34;outperform&#34; rating on the stock in a research note on Friday, May 16th. Loop Capital  set a $176.00 target price on Alibaba Group in a research note on Friday, May 16th. Morgan Stanley  set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Finally, Arete lowered Alibaba Group from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $159.67.</p><p><b>Check Out Our Latest Stock Analysis on Alibaba Group</b></p><h2>Alibaba Group Profile</h2> (Free Report)<ul><li>2 Chinese Stocks That Could Leave U.S. Tech in the Dust</li></ul><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>3 Warren Buffett Stocks to Buy Now</li><li>DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?</li><li>What is the Hang Seng index?  </li><li>Engines to AI: Cummins’ Surprising Growth Driver</li><li>How to Calculate Inflation Rate</li><li>Smaller Industrials Names Seeing Surging Growth: Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding BABA?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>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.</p><p>While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Retirement Planning Co of New England Inc. increased its stake in Alibaba Group Holding Limited by 69.2% in Q1, now holding 17,445 shares valued at $2.31 million. Other hedge funds also boosted their positions in Alibaba. The stock is currently rated as a "Moderate Buy" with an average target price of $159.67, despite some analysts lowering their price targets recently. Alibaba operates in various sectors including commerce and cloud services, with a market cap of $322.22 billion.</p>

- Retirement Planning Co of New England Inc. increased its holdings in Alibaba Group by 69.2%, owning 17,445 shares valued at $2,307,000.  
- Other hedge funds also raised their positions, with American Century Companies Inc. increasing its stake by 52.1% to 2,293,085 shares valued at $303,215,000.  
- Alibaba Group has a market cap of $322.22 billion and a consensus rating of "Moderate Buy" among analysts, with an average price target of $159.67.

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Retirement Planning Co of New England Inc. Has $2.31 Million Stake in Alibaba Group Holding Limited $BABA