Guardian Partners Inc. Acquires New Holdings in Alibaba Group Holding Limited $BABA

Guardian Partners Inc. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,135 shares of the specialty retailer’s stock, valued at approximately $1,670,000.

A number of other institutional investors have also recently bought and sold shares of BABA. Ameriflex Group Inc. boosted its holdings in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 72 shares during the period. Mather Group LLC. bought a new stake in shares of Alibaba Group during the third quarter worth $30,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Alibaba Group during the third quarter worth $30,000. NBT Bank N A NY lifted its position in Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares in the last quarter. Finally, Elkhorn Partners Limited Partnership lifted its position in Alibaba Group by 33.3% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their target price on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Arete Research upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, January 21st. Sanford C. Bernstein decreased their price objective on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Jefferies Financial Group decreased their price objective on Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Citigroup lifted their target price on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Sixteen equities 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 company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $195.17.

View Our Latest Research Report on Alibaba Group

Alibaba Group Stock Up 0.5%

Shares of BABA stock opened at $130.98 on Friday. The firm’s fifty day moving average price is $157.47 and its two-hundred day moving average price is $157.96. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The firm has a market capitalization of $312.70 billion, a P/E ratio of 18.09, a PEG ratio of 2.86 and a beta of 0.43.

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Alibaba Group Company 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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