Sound Income Strategies LLC boosted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 77.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 394 shares of the specialty retailer’s stock after buying an additional 172 shares during the period. Sound Income Strategies LLC’s holdings in Alibaba Group were worth $54,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. increased its position in shares of Alibaba Group by 112.6% during the third quarter. Cohen & Steers Inc. now owns 287 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 152 shares during the period. Csenge Advisory Group bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $63,000. IMS Capital Management bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $82,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $107,000. Finally, AlphaMark Advisors LLC increased its position in shares of Alibaba Group by 468.8% during the third quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 750 shares during the period. 38.62% of the stock is currently owned by institutional investors.
Shares of BABA opened at $151.32 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $211.70. The firm has a market cap of $389.09 billion, a PE ratio of 37.55, a PEG ratio of 1.40 and a beta of 2.24.
BABA has been the topic of a number of research reports. Zacks Investment Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. Deutsche Bank set a $189.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Wednesday, October 10th. Goldman Sachs Group upped their price target on Alibaba Group from $241.00 to $247.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. CLSA set a $240.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Monday, September 24th. Finally, Nomura lowered their price target on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and an average target price of $213.35.
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Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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