IHT Wealth Management LLC Grows Position in Alibaba Group Holding Limited (NYSE:BABA)

IHT Wealth Management LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Get Rating) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,349 shares of the specialty retailer’s stock after buying an additional 1,001 shares during the period. IHT Wealth Management LLC’s holdings in Alibaba Group were worth $908,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Coombe Bender & Co LLC increased its position in Alibaba Group by 2.5% during the third quarter. Coombe Bender & Co LLC now owns 19,117 shares of the specialty retailer’s stock worth $1,529,000 after buying an additional 474 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Alibaba Group during the third quarter worth $4,823,000. FourThought Financial LLC boosted its holdings in shares of Alibaba Group by 39.2% during the third quarter. FourThought Financial LLC now owns 4,377 shares of the specialty retailer’s stock worth $350,000 after purchasing an additional 1,232 shares during the last quarter. TT International Asset Management LTD boosted its holdings in shares of Alibaba Group by 2.4% during the third quarter. TT International Asset Management LTD now owns 1,572,471 shares of the specialty retailer’s stock worth $125,781,000 after purchasing an additional 36,808 shares during the last quarter. Finally, Liberty One Investment Management LLC boosted its holdings in shares of Alibaba Group by 80.5% during the third quarter. Liberty One Investment Management LLC now owns 6,783 shares of the specialty retailer’s stock worth $543,000 after purchasing an additional 3,025 shares during the last quarter. Hedge funds and other institutional investors own 13.86% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of several analyst reports. Citigroup raised their price objective on Alibaba Group from $144.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, January 10th. Truist Financial raised their price objective on Alibaba Group from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 24th. The Goldman Sachs Group upgraded Alibaba Group from a “buy” rating to a “conviction-buy” rating in a report on Sunday, January 8th. Barclays lifted their target price on Alibaba Group from $114.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Finally, UBS Group reduced their target price on Alibaba Group from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, November 18th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Alibaba Group has a consensus rating of “Buy” and a consensus target price of $148.13.

Alibaba Group Trading Down 0.7 %

NYSE:BABA opened at $81.67 on Friday. The business’s 50-day moving average is $102.16 and its two-hundred day moving average is $89.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.74. Alibaba Group Holding Limited has a 12 month low of $58.01 and a 12 month high of $125.84. The firm has a market capitalization of $216.27 billion, a PE ratio of 44.87, a price-to-earnings-growth ratio of 1.07 and a beta of 0.63.

About Alibaba Group

(Get Rating)

Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.