Sargent Bickham Lagudis LLC Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Posted by Defense World Staff on Apr 2nd, 2023

Sargent Bickham Lagudis LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Get Rating) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 624 shares of the specialty retailer’s stock after buying an additional 108 shares during the quarter. Sargent Bickham Lagudis LLC’s holdings in Alibaba Group were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New Millennium Group LLC acquired a new position in shares of Alibaba Group in the second quarter worth $25,000. Romano Brothers AND Company purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $30,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Alibaba Group in the third quarter valued at about $42,000. Worth Asset Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $45,000. Finally, Fairfield Bush & CO. acquired a new position in shares of Alibaba Group during the first quarter worth about $53,000. Institutional investors and hedge funds own 13.86% of the company’s stock.

Alibaba Group Trading Down 1.2 %

NYSE BABA opened at $102.18 on Friday. Alibaba Group Holding Limited has a one year low of $58.01 and a one year high of $125.84. The company has a 50-day simple moving average of $97.34 and a 200-day simple moving average of $88.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $270.59 billion, a PE ratio of 56.14, a price-to-earnings-growth ratio of 1.20 and a beta of 0.63.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BABA. The Goldman Sachs Group upgraded shares of Alibaba Group from a “buy” rating to a “conviction-buy” rating in a research report on Sunday, January 8th. Truist Financial increased their price target on shares of Alibaba Group from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. KGI Securities raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating in a research note on Friday, February 24th. Mizuho reissued a “buy” rating and issued a $155.00 price objective on shares of Alibaba Group in a research report on Wednesday. Finally, Morgan Stanley raised their price target on shares of Alibaba Group from $100.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, January 9th. 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $148.13.

Alibaba Group Profile

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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.