Alibaba Group Holding Ltd (BABA) Holdings Lifted by Sound Income Strategies LLC

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.



Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. Research analysts anticipate that Alibaba Group Holding Ltd will post 3.48 EPS for the current fiscal year.

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

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