Crossmark Global Holdings Inc. Has $28.44 Million Stake in Alibaba Group Holding Limited $BABA

Crossmark Global Holdings Inc. grew its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 24.0% in the third quarter, Holdings Channel.com reports. The firm owned 159,110 shares of the specialty retailer’s stock after purchasing an additional 30,774 shares during the period. Crossmark Global Holdings Inc.’s holdings in Alibaba Group were worth $28,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its position in Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 981 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Alibaba Group during the first quarter worth approximately $254,000. NewSquare Capital LLC grew its position in Alibaba Group by 65.0% during the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. Claro Advisors LLC increased its stake in Alibaba Group by 56.2% in the 2nd quarter. Claro Advisors LLC now owns 2,473 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 890 shares during the period. Finally, Main Street Research LLC purchased a new stake in Alibaba Group in the 2nd quarter worth approximately $26,078,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 1.8%

Alibaba Group stock opened at $133.15 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67. The firm has a fifty day moving average price of $158.30 and a two-hundred day moving average price of $157.82. The firm has a market cap of $317.88 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.97 and a beta of 0.43.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BABA. JPMorgan Chase & Co. dropped their price target on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Loop Capital set a $140.00 target price on Alibaba Group in a research report on Tuesday, January 6th. Freedom Capital lowered Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Jefferies Financial Group dropped their price objective on Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Sanford C. Bernstein cut their price objective on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $195.17.

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Alibaba Group Profile

(Free Report)

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.

Further Reading

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

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