Axxcess Wealth Management LLC Acquires New Holdings in Alibaba Group Holding Limited $BABA

Axxcess Wealth Management LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,091 shares of the specialty retailer’s stock, valued at approximately $1,625,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BABA. Traphagen Investment Advisors LLC grew its stake in shares of 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 purchasing an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in Alibaba Group by 26.4% in the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Bluesphere Advisors LLC grew its position in Alibaba Group by 2.2% in the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock worth $540,000 after buying an additional 64 shares during the last quarter. Richardson Financial Services Inc. increased its holdings 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 buying an additional 65 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its position in shares of Alibaba Group by 1.0% during the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock valued at $1,191,000 after acquiring an additional 66 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Wall Street Zen cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, January 21st. Jefferies Financial Group dropped their target price on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Price Performance

BABA opened at $154.35 on Friday. The stock has a fifty day moving average price of $159.00 and a 200 day moving average price of $155.98. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The stock has a market cap of $368.50 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 3.41 and a beta of 0.39.

About Alibaba Group

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.