Good Life Advisors LLC Acquires 5,567 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Good Life Advisors LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 132.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,759 shares of the specialty retailer’s stock after purchasing an additional 5,567 shares during the quarter. Good Life Advisors LLC’s holdings in Alibaba Group were worth $827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BABA. AMF Tjanstepension AB raised its holdings in shares of Alibaba Group by 6.9% in the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after buying an additional 178,999 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in Alibaba Group by 8.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,360 shares of the specialty retailer’s stock valued at $357,000 after acquiring an additional 266 shares in the last quarter. Raymond James & Associates raised its stake in shares of Alibaba Group by 2.3% in the third quarter. Raymond James & Associates now owns 403,766 shares of the specialty retailer’s stock worth $42,848,000 after acquiring an additional 9,020 shares during the last quarter. Signaturefd LLC lifted its position in shares of Alibaba Group by 4.1% during the third quarter. Signaturefd LLC now owns 24,863 shares of the specialty retailer’s stock worth $2,638,000 after purchasing an additional 986 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Alibaba Group by 47.1% during the third quarter. Private Advisor Group LLC now owns 100,975 shares of the specialty retailer’s stock valued at $10,715,000 after purchasing an additional 32,324 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $125.57 on Thursday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $129.02. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $298.36 billion, a PE ratio of 25.47, a PEG ratio of 0.53 and a beta of 0.31. The stock’s fifty day simple moving average is $93.37 and its 200 day simple moving average is $92.11.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Barclays reduced their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $116.93.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.