Nkcfo LLC Has $3.72 Million Holdings in Alibaba Group Holding Limited $BABA

Nkcfo LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 112.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,800 shares of the specialty retailer’s stock after purchasing an additional 11,000 shares during the period. Alibaba Group accounts for about 1.1% of Nkcfo LLC’s investment portfolio, making the stock its 22nd largest position. Nkcfo LLC’s holdings in Alibaba Group were worth $3,718,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in Alibaba Group in the third quarter worth approximately $30,000. NBT Bank N A NY lifted its stake in Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the last quarter. NewSquare Capital LLC grew its position in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Elkhorn Partners Limited Partnership increased its stake in shares of Alibaba Group by 33.3% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Richardson Financial Services Inc. raised 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 valued at $45,000 after purchasing an additional 65 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Erste Group Bank lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen lowered Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Trading Down 1.0%

Shares of Alibaba Group stock opened at $152.90 on Tuesday. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The company’s fifty day simple moving average is $159.04 and its 200-day simple moving average is $156.99. The company has a market cap of $365.04 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 3.38 and a beta of 0.39. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23.

Alibaba Group 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.