Coldstream Capital Management Inc. raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 39.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,817 shares of the specialty retailer’s stock after acquiring an additional 802 shares during the period. Coldstream Capital Management Inc.’s holdings in Alibaba Group were worth $487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Alibaba Group by 20.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,898 shares of the specialty retailer’s stock valued at $1,930,000 after buying an additional 3,027 shares during the period. Trexquant Investment LP bought a new stake in shares of Alibaba Group in the second quarter valued at about $254,000. First Trust Advisors LP lifted its stake in shares of Alibaba Group by 17.4% in the second quarter. First Trust Advisors LP now owns 169,256 shares of the specialty retailer’s stock valued at $23,848,000 after buying an additional 25,091 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Alibaba Group by 64.9% in the second quarter. Wedbush Securities Inc. now owns 3,181 shares of the specialty retailer’s stock valued at $448,000 after buying an additional 1,252 shares during the period. Finally, Savant Capital LLC bought a new stake in shares of Alibaba Group in the second quarter valued at about $247,000. Institutional investors own 38.13% of the company’s stock.

BABA has been the subject of several recent research reports. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $190.25 price target for the company in a research report on Wednesday, September 6th. SunTrust Banks reissued a “buy” rating and issued a $205.00 price target on shares of Alibaba Group in a research report on Friday, October 20th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a research report on Wednesday, November 8th. Needham & Company LLC increased their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $185.14.

Alibaba Group Holding Limited (BABA) opened at $174.64 on Wednesday. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.75. The stock has a market cap of $459,189.28, a P/E ratio of 52.12, a price-to-earnings-growth ratio of 1.36 and a beta of 2.52. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

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Alibaba Group Profile

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.

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

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