Bogart Wealth LLC Increases Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

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Bogart Wealth LLC increased its position in Alibaba Group Holding Ltd (NYSE:BABA) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,608 shares of the specialty retailer’s stock after buying an additional 234 shares during the period. Bogart Wealth LLC’s holdings in Alibaba Group were worth $436,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cypress Wealth Services LLC grew its stake in Alibaba Group by 3.2% during the third quarter. Cypress Wealth Services LLC now owns 1,811 shares of the specialty retailer’s stock worth $303,000 after buying an additional 57 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Alibaba Group by 5.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 1,228 shares of the specialty retailer’s stock valued at $205,000 after purchasing an additional 59 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of Alibaba Group by 2.7% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,302 shares of the specialty retailer’s stock valued at $390,000 after purchasing an additional 60 shares during the period. Pegasus Asset Management Inc. boosted its stake in shares of Alibaba Group by 0.8% in the third quarter. Pegasus Asset Management Inc. now owns 7,959 shares of the specialty retailer’s stock valued at $1,331,000 after purchasing an additional 62 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its stake in shares of Alibaba Group by 1.4% in the second quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock valued at $795,000 after purchasing an additional 63 shares during the period. 43.78% of the stock is owned by institutional investors and hedge funds.

BABA stock opened at $186.97 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The firm’s 50-day simple moving average is $173.84 and its 200 day simple moving average is $171.00. The stock has a market cap of $475.73 billion, a PE ratio of 52.08, a price-to-earnings-growth ratio of 1.22 and a beta of 2.26.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 1st. The specialty retailer reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.30. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.72 billion. Equities analysts forecast that Alibaba Group Holding Ltd will post 5.94 EPS for the current fiscal year.

Several research analysts have recently weighed in on BABA shares. Goldman Sachs Group set a $236.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Nomura set a $215.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus set a $225.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, September 24th. Robert W. Baird set a $200.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada set a $210.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $225.78.

Alibaba Group Company 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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