Good Life Advisors LLC Has $353,000 Position in Alibaba Group Holding Limited (BABA)

Good Life Advisors LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 28.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,937 shares of the specialty retailer’s stock after purchasing an additional 428 shares during the quarter. Good Life Advisors LLC’s holdings in Alibaba Group Holding Limited were worth $353,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BABA. Schwab Charles Investment Management Inc. boosted its position in Alibaba Group Holding Limited by 20.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock valued at $1,930,000 after purchasing an additional 3,027 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new position in Alibaba Group Holding Limited during the 1st quarter worth $1,078,000. NS Partners Ltd boosted its position in Alibaba Group Holding Limited by 11.8% during the 1st quarter. NS Partners Ltd now owns 46,433 shares of the specialty retailer’s stock worth $5,007,000 after acquiring an additional 4,888 shares during the period. State Street Corp boosted its position in Alibaba Group Holding Limited by 1.8% during the 1st quarter. State Street Corp now owns 18,826,837 shares of the specialty retailer’s stock worth $2,030,102,000 after acquiring an additional 329,969 shares during the period. Finally, Level Four Advisory Services LLC boosted its position in Alibaba Group Holding Limited by 3.9% during the 1st quarter. Level Four Advisory Services LLC now owns 5,466 shares of the specialty retailer’s stock worth $588,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 37.45% of the company’s stock.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded up $4.36 during trading hours on Monday, reaching $187.57. The company had a trading volume of 10,548,588 shares, compared to its average volume of 18,294,868. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market cap of $469,229.06, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 1.56 and a beta of 2.61. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same quarter in the prior year, the firm posted $0.74 EPS. research analysts predict that Alibaba Group Holding Limited will post 3.96 EPS for the current fiscal year.

WARNING: “Good Life Advisors LLC Has $353,000 Position in Alibaba Group Holding Limited (BABA)” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/11/06/good-life-advisors-llc-has-353000-position-in-alibaba-group-holding-limited-baba.html.

Several analysts have recently weighed in on BABA shares. Vetr lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $160.50 price objective for the company. in a report on Tuesday, July 11th. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Thursday, August 17th. SunTrust Banks, Inc. started coverage on Alibaba Group Holding Limited in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 target price on shares of Alibaba Group Holding Limited in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus boosted their target price on Alibaba Group Holding Limited from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $183.31.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

What are top analysts saying about Alibaba Group Holding Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alibaba Group Holding Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit