Exchange Traded Concepts LLC Has $14.77 Million Stock Holdings in Alibaba Group Holding Limited $BABA

Exchange Traded Concepts LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 37.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,764 shares of the specialty retailer’s stock after buying an additional 27,290 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Alibaba Group were worth $14,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Traphagen Investment Advisors LLC raised its holdings in Alibaba Group by 2.0% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock worth $539,000 after acquiring an additional 59 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Alibaba Group by 26.4% during the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 63 shares during the period. Bluesphere Advisors LLC grew its position in shares of Alibaba Group by 2.2% in the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock valued at $540,000 after purchasing an additional 64 shares during the last quarter. Richardson Financial Services Inc. grew its position in shares of Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 65 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its stake in shares of Alibaba Group by 1.0% in the third quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after purchasing an additional 66 shares during the period. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BABA shares. Freedom Capital cut Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Erste Group Bank lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays dropped their price target on Alibaba Group from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. Jefferies Financial Group reduced their price objective on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Finally, Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 24th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $187.89.

View Our Latest Stock Analysis on BABA

Alibaba Group Stock Down 2.2%

NYSE BABA opened at $122.71 on Friday. Alibaba Group Holding Limited has a twelve month low of $95.73 and a twelve month high of $192.67. The stock has a market cap of $292.96 billion, a PE ratio of 23.15, a PEG ratio of 3.11 and a beta of 0.43. The firm has a 50-day simple moving average of $149.79 and a 200 day simple moving average of $158.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33.

Key Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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

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