Orion Porfolio Solutions LLC Purchases 6,510 Shares of Alibaba Group Holding Limited $BABA

Orion Porfolio Solutions LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,621 shares of the specialty retailer’s stock after acquiring an additional 6,510 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Alibaba Group were worth $7,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. acquired a new position in Alibaba Group in the 3rd quarter valued at approximately $30,000. NBT Bank N A NY lifted its holdings in shares of 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 purchasing an additional 125 shares during the period. Richardson Financial Services Inc. grew its stake in shares of Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 65 shares during the last quarter. MMA Asset Management LLC acquired a new stake in Alibaba Group in the third quarter valued at $51,000. Finally, JCIC Asset Management Inc. acquired a new stake in Alibaba Group in the third quarter valued at $53,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 0.5%

Shares of NYSE BABA opened at $130.98 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 firm has a market cap of $312.70 billion, a PE ratio of 18.09, a P/E/G ratio of 2.85 and a beta of 0.43. The company’s fifty day simple moving average is $157.47 and its 200 day simple moving average is $157.70. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67.

Key Headlines Impacting Alibaba Group

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Analyst Upgrades and Downgrades

BABA has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Wall Street Zen downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Morgan Stanley cut their price objective on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Citigroup increased their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $195.17.

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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.

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

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