Alibaba Group Holding Limited (BABA) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,779 shares of the specialty retailer’s stock after buying an additional 4,419 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Alibaba Group were worth $3,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Schwab Charles Investment Management Inc. lifted its holdings in shares of Alibaba Group by 20.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock valued at $1,930,000 after buying an additional 3,027 shares during the period. Braun Stacey Associates Inc. lifted its holdings in shares of Alibaba Group by 30.0% in the second quarter. Braun Stacey Associates Inc. now owns 33,005 shares of the specialty retailer’s stock valued at $4,651,000 after buying an additional 7,623 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Alibaba Group by 71.9% in the second quarter. Essex Investment Management Co. LLC now owns 48,877 shares of the specialty retailer’s stock valued at $6,887,000 after buying an additional 20,442 shares during the period. IPG Investment Advisors LLC lifted its holdings in shares of Alibaba Group by 13.4% in the second quarter. IPG Investment Advisors LLC now owns 4,835 shares of the specialty retailer’s stock valued at $681,000 after buying an additional 570 shares during the period. Finally, First Manhattan Co. lifted its holdings in shares of Alibaba Group by 9.0% in the second quarter. First Manhattan Co. now owns 9,190 shares of the specialty retailer’s stock valued at $1,294,000 after buying an additional 755 shares during the period. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Several equities research analysts have recently commented on the company. Robert W. Baird upped their target price on Alibaba Group from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Goldman Sachs Group reaffirmed a “buy” rating and set a $208.00 target price (up from $200.00) on shares of Alibaba Group in a report on Sunday, August 20th. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. MKM Partners reissued a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Monday, October 2nd. Finally, Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 price target on the stock in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $184.52.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $174.61 on Monday. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.75. The firm has a market capitalization of $447,203.13, a P/E ratio of 50.76, a P/E/G ratio of 1.32 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71.

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Alibaba Group 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 (NYSE:BABA)

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