Good Life Advisors LLC Grows Stock Holdings in Alibaba Group Holding Limited $BABA

Good Life Advisors LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 35.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,555 shares of the specialty retailer’s stock after acquiring an additional 3,566 shares during the period. Good Life Advisors LLC’s holdings in Alibaba Group were worth $1,537,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its position in shares of Alibaba Group by 1,349,768.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after purchasing an additional 49,010,087 shares during the period. Goldman Sachs Group Inc. boosted its stake in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after buying an additional 2,885,154 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after buying an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after acquiring an additional 3,947,460 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in shares of Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after acquiring an additional 1,045,789 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $160.06 on Friday. The firm’s fifty day simple moving average is $167.53 and its 200 day simple moving average is $136.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67. The firm has a market capitalization of $381.92 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.40 and a beta of 0.19.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Sanford C. Bernstein lifted their price target on shares of Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Finally, CLSA lifted their target price on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.18.

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.