Cypress Capital Group Grows Position in Alibaba Group Holding Limited $BABA

Cypress Capital Group grew its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 13.6% during the third quarter, Holdings Channel.com reports. The fund owned 34,269 shares of the specialty retailer’s stock after purchasing an additional 4,094 shares during the quarter. Cypress Capital Group’s holdings in Alibaba Group were worth $6,125,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton purchased a new stake in Alibaba Group in the 2nd quarter valued at about $26,000. Mather Group LLC. bought a new position in shares of Alibaba Group in the third quarter valued at approximately $30,000. NBT Bank N A NY grew its holdings in shares of Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares in the last quarter. NewSquare Capital LLC increased its position in shares of Alibaba Group by 65.0% during the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership lifted its holdings in Alibaba Group by 33.3% during the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 100 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group News Summary

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Price Performance

NYSE BABA opened at $174.43 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a market cap of $416.44 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.83 and a beta of 0.37. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67. The firm’s 50-day simple moving average is $158.25 and its two-hundred day simple moving average is $151.60.

Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a research note on Wednesday, November 26th. Nomura boosted their price target on shares of Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a report on Monday. Barclays raised their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. CLSA boosted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, January 21st. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

View Our Latest Stock Report on Alibaba Group

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

See Also

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

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