Moloney Securities Asset Management LLC Acquires New Position in Alibaba Group Holding Limited $BABA

Moloney Securities Asset Management LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,234 shares of the specialty retailer’s stock, valued at approximately $757,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BABA. Wellington Shields Capital Management LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $77,000. MMA Asset Management LLC acquired a new position in Alibaba Group in the third quarter valued at about $51,000. Elyxium Wealth LLC boosted its holdings in Alibaba Group by 1.8% during the third quarter. Elyxium Wealth LLC now owns 4,291 shares of the specialty retailer’s stock worth $767,000 after buying an additional 77 shares during the last quarter. Wellington Shields & Co. LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $182,000. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of Alibaba Group by 482.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 23,528 shares of the specialty retailer’s stock valued at $4,205,000 after acquiring an additional 19,488 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BABA shares. Freedom Capital cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Morgan Stanley decreased their price target on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Citigroup raised their price objective on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, January 21st. Finally, Barclays increased their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Read Our Latest Research Report on BABA

Alibaba Group News Roundup

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Alibaba Group Stock Performance

BABA opened at $162.57 on Friday. The company has a market capitalization of $388.12 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.55 and a beta of 0.39. The business’s 50-day moving average price is $158.99 and its two-hundred day moving average price is $153.79. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

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

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

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