Alibaba Group Holding Limited $BABA Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 31.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 54,544 shares of the specialty retailer’s stock after acquiring an additional 13,066 shares during the quarter. Assetmark Inc.’s holdings in Alibaba Group were worth $9,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Wedbush Securities Inc. boosted its holdings in Alibaba Group by 184.6% during the third quarter. Wedbush Securities Inc. now owns 12,057 shares of the specialty retailer’s stock worth $2,155,000 after buying an additional 7,820 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $7,903,000. Advisors Asset Management Inc. grew its holdings in shares of Alibaba Group by 50.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,915 shares of the specialty retailer’s stock worth $1,951,000 after purchasing an additional 3,680 shares during the period. Wealthstream Advisors Inc. increased its position in shares of Alibaba Group by 18.3% during the 3rd quarter. Wealthstream Advisors Inc. now owns 2,111 shares of the specialty retailer’s stock worth $377,000 after purchasing an additional 326 shares during the last quarter. Finally, Mandatum Life Insurance Co Ltd boosted its position in shares of Alibaba Group by 6.1% during the 3rd quarter. Mandatum Life Insurance Co Ltd now owns 3,496 shares of the specialty retailer’s stock worth $625,000 after purchasing an additional 200 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group News Summary

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BABA shares. Morgan Stanley reduced their target price on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Macquarie Infrastructure reissued an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Loop Capital set a $140.00 target price on Alibaba Group in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, January 21st. Finally, Citigroup raised their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.17.

Read Our Latest Stock Report on BABA

Alibaba Group Stock Down 1.9%

Shares of NYSE BABA opened at $155.74 on Tuesday. 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 52-week low of $95.73 and a 52-week high of $192.67. The stock has a market capitalization of $371.81 billion, a PE ratio of 21.51, a P/E/G ratio of 3.41 and a beta of 0.39. The firm has a fifty day moving average of $159.12 and a 200-day moving average of $155.72.

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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