Alibaba Group Holding Limited $BABA Shares Purchased by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 21.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,651 shares of the specialty retailer’s stock after purchasing an additional 1,189 shares during the quarter. MGO One Seven LLC’s holdings in Alibaba Group were worth $754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Accent Capital Management LLC increased its position in shares of Alibaba Group by 5.5% in the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 82 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after acquiring an additional 85 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after acquiring an additional 89 shares during the last quarter. CWM LLC boosted its stake in shares of Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after acquiring an additional 92 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its stake in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock valued at $1,134,000 after acquiring an additional 93 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Bank of America increased their price objective on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Mizuho increased their price objective on Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Nomura increased their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Robert W. Baird raised their price target on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $188.06.

Alibaba Group Stock Performance

NYSE BABA opened at $165.07 on Friday. The firm has a market capitalization of $393.54 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.22 and a beta of 0.18. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50-day simple moving average is $150.05 and its 200-day simple moving average is $128.42.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.