Jones Financial Companies Lllp Raises Stake in Alibaba Group Holding Limited $BABA

Jones Financial Companies Lllp raised its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 18.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,431 shares of the specialty retailer’s stock after purchasing an additional 5,488 shares during the period. Jones Financial Companies Lllp’s holdings in Alibaba Group were worth $6,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BABA. Mather Group LLC. purchased a new stake in shares of Alibaba Group during the third quarter valued at approximately $30,000. NBT Bank N A NY raised its holdings in Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 125 shares in the last quarter. Rosenberg Matthew Hamilton purchased a new stake in Alibaba Group in the second quarter worth about $26,000. Richardson Financial Services Inc. grew its stake in Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 65 shares during the period. Finally, JCIC Asset Management Inc. purchased a new position in Alibaba Group during the third quarter valued at $53,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.0%

BABA stock opened at $157.56 on Friday. The firm has a fifty day moving average price of $158.89 and a 200 day moving average price of $153.26. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67. The firm has a market cap of $376.16 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 3.47 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Benchmark reiterated a “buy” rating and set a $195.00 price objective on shares of Alibaba Group in a research report on Tuesday, November 25th. Rosenblatt Securities set a $195.00 price target on Alibaba Group in a research note on Wednesday, November 26th. Nomura boosted their target price on shares of Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Sanford C. Bernstein dropped their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.17.

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Alibaba Group Company 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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