Lorber David A Invests $109,000 in Alibaba Group Holding Limited (BABA)
Lorber David A bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 633 shares of the specialty retailer’s stock, valued at approximately $109,000. Alibaba Group accounts for about 1.3% of Lorber David A’s investment portfolio, making the stock its 18th biggest position.
Several other large investors have also recently modified their holdings of the company. AJO LP raised its position in Alibaba Group by 55.5% in the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock valued at $18,673,000 after buying an additional 47,324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Alibaba Group by 18.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock valued at $14,914,000 after buying an additional 16,528 shares during the last quarter. Good Life Advisors LLC purchased a new stake in Alibaba Group in the 2nd quarter valued at $218,000. Pitcairn Co. purchased a new stake in Alibaba Group in the 3rd quarter valued at $3,218,000. Finally, Cornerstone Financial Partners LLC purchased a new stake in Alibaba Group in the 3rd quarter valued at $580,000. 38.13% of the stock is currently owned by institutional investors.
Alibaba Group Holding Limited (BABA) opened at $176.47 on Thursday. 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 firm has a market capitalization of $447,279.94, a price-to-earnings ratio of 50.77, a PEG ratio of 1.32 and a beta of 2.52. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.75.
A number of equities research analysts recently commented on BABA shares. Stifel Nicolaus increased their price target on Alibaba Group from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Goldman Sachs Group reissued a “buy” rating and issued a $208.00 price target (up from $200.00) on shares of Alibaba Group in a research report on Sunday, August 20th. Needham & Company LLC increased their price target on Alibaba Group from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Thursday, August 17th. Finally, Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $175.06 target price for the company. in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $185.14.
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Alibaba Group 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.
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