Beacon Investment Advisory Services Inc. Buys New Stake in Alibaba Group Holding Limited (BABA)

Beacon Investment Advisory Services Inc. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,356 shares of the specialty retailer’s stock, valued at approximately $7,661,000.

A number of other institutional investors and hedge funds have also modified their holdings of BABA. First Eagle Investment Management LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $104,000. Winch Advisory Services LLC grew its holdings in Alibaba Group by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in Alibaba Group in the 2nd quarter worth approximately $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Alibaba Group by 29.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after buying an additional 200 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Alibaba Group by 22.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock worth $139,000 after buying an additional 179 shares in the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

BABA has been the subject of a number of recent analyst reports. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a report on Thursday, August 17th. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $175.06 price target for the company. in a research note on Wednesday, August 16th. SunTrust Banks initiated coverage on Alibaba Group in a research note on Tuesday, August 15th. They set a “buy” rating and a $175.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 price target on shares of Alibaba Group in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus increased their price target on Alibaba Group from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $185.14.

Alibaba Group Holding Limited (BABA) opened at $177.62 on Monday. The firm has a market capitalization of $454,912.16, a PE ratio of 51.63, a price-to-earnings-growth ratio of 1.34 and a beta of 2.52. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.75. The company has a current ratio of 1.71, a quick 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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