Brighton Jones LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,638 shares of the specialty retailer’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Ronald Blue & Co. LLC lifted its position in shares of Alibaba Group Holding Limited by 0.7% during the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Alibaba Group Holding Limited by 1.3% during the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after purchasing an additional 30 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Alibaba Group Holding Limited by 2.9% during the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. Steinberg Global Asset Management lifted its position in shares of Alibaba Group Holding Limited by 1.9% during the second quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock worth $449,000 after purchasing an additional 59 shares in the last quarter. Finally, Partnervest Advisory Services LLC lifted its position in shares of Alibaba Group Holding Limited by 1.8% during the second quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock worth $514,000 after purchasing an additional 65 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Alibaba Group Holding Limited in a research report on Monday, November 6th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Wednesday, November 8th. Vetr upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $206.84 target price on the stock in a research note on Monday, November 13th. BidaskClub upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC upped their target price on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. Alibaba Group Holding Limited currently has an average rating of “Buy” and an average target price of $184.45.

Alibaba Group Holding Limited (NYSE:BABA) traded up $3.14 during trading on Tuesday, reaching $191.14. The company’s stock had a trading volume of 15,164,384 shares, compared to its average volume of 18,110,000. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.56. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $489,030.00, a P/E ratio of 53.82, a P/E/G ratio of 1.40 and a beta of 2.60.

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About Alibaba Group Holding Limited

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)

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