Nkcfo LLC Purchases 11,000 Shares of Alibaba Group Holding Limited $BABA

Nkcfo LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 112.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,800 shares of the specialty retailer’s stock after acquiring an additional 11,000 shares during the period. Alibaba Group comprises approximately 1.1% of Nkcfo LLC’s holdings, making the stock its 22nd largest holding. Nkcfo LLC’s holdings in Alibaba Group were worth $3,718,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $30,000. NBT Bank N A NY boosted its stake in Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares in the last quarter. NewSquare Capital LLC increased its holdings in Alibaba Group by 65.0% in the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 130 shares during the period. Elkhorn Partners Limited Partnership raised its stake in shares of Alibaba Group by 33.3% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 100 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Alibaba Group by 34.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Alibaba Group stock opened at $152.90 on Tuesday. The business’s fifty day moving average is $159.04 and its two-hundred day moving average is $156.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $365.04 billion, a P/E ratio of 21.12, a P/E/G ratio of 3.38 and a beta of 0.39. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67.

Analysts Set New Price Targets

Several research firms recently issued reports on BABA. Sanford C. Bernstein dropped their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, January 21st. Citigroup upped their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Nomura lifted their price objective on Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Barclays upped their target price 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. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Company Profile

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.