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

Good Life Advisors LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 132.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Concord Wealth Partners boosted its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $32,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter worth about $36,000. Finally, Assetmark Inc. lifted its position in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BABA shares. Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $125.57 on Thursday. The stock has a market capitalization of $298.36 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The business’s fifty day moving average price is $93.37 and its two-hundred day moving average price is $92.11. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $129.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group Profile

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.