<div id="readability-page-1"><p>Wellington Capital Management Inc. bought a new position in shares of  Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,405 shares of the specialty retailer's stock, valued at approximately $386,000.</p><ul><li>Can Alibaba’s Big Bets Pay Off After a Breakout Year?</li></ul><p>Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC grew its stake in  Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares in the last quarter.  Ransom Advisory Ltd acquired a new position in shares of  Alibaba Group in the 1st quarter valued at approximately $26,000.  1248 Management LLC purchased a new position in shares of  Alibaba Group during the 1st quarter valued at approximately $26,000.  Rosenberg Matthew Hamilton acquired a new stake in shares of  Alibaba Group during the second quarter worth approximately $26,000.  Finally, NewSquare Capital LLC increased its stake in shares of  Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer's stock worth $37,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own  13.47% of the company's stock. </p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><p>Several analysts recently issued reports on the stock. UBS Group  reaffirmed a &#34;buy&#34; rating and issued a $162.00 price target on shares of Alibaba Group in a report on Sunday, August 31st. Macquarie  restated an &#34;outperform&#34; rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Benchmark  reiterated a &#34;buy&#34; rating and issued a $195.00 price target on shares of Alibaba Group in a research note on Tuesday, November 25th. Susquehanna upped their price objective on Alibaba Group from $175.00 to $190.00 and gave the company a &#34;positive&#34; rating in a research note on Thursday, September 18th. Finally, Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Alibaba Group in a report on Wednesday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned  a Hold rating and one  has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $194.00.</p><ul><li>Go on a Shopping Spree With 3 Top Retail ETFs</li></ul><p><b>View Our Latest Stock Report on BABA</b></p><h2>Alibaba Group Price Performance</h2><p>Shares of NYSE:BABA opened at $155.56 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm has a 50-day simple moving average of $164.60 and a 200 day simple moving average of $141.30. The company has a market cap of $371.18 billion, a PE ratio of 21.49, a P/E/G ratio of 2.39 and a beta of 0.33. </p><h2>Alibaba Group Profile</h2> (Free Report)<ul><li>OpenAI's Restructuring Sets up What Could Be the Biggest IPO Ever</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>Dividend Capture Strategy: What You Need to Know</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Do ETFs Pay Dividends? What You Need to Know</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><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 reporting and unbiased coverage. 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>Wellington Capital Management Inc. acquired 3,405 shares of Alibaba Group, valued at $386,000, during the second quarter. Analysts have issued various ratings, with a consensus of "Moderate Buy" and a target price of $194.00. Alibaba's stock opened at $155.56, with a market cap of $371.18 billion. The company operates through seven segments, including China Commerce and Cloud. Institutional investors own 13.47% of the stock.</p>

- Wellington Capital Management Inc. acquired 3,405 shares of Alibaba Group, valued at approximately $386,000, during the second quarter.  
- Several institutional investors have increased their stakes in Alibaba, with hedge funds owning 13.47% of the company's stock.  
- Analysts maintain a consensus rating of "Moderate Buy" for Alibaba, with a target price of $194.00, despite some analysts suggesting alternative investment opportunities.

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Wellington Capital Management Inc. Takes $386,000 Position in Alibaba Group Holding Limited $BABA