MGO One Seven LLC Has $339,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Posted by on Apr 8th, 2023

MGO One Seven LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA – Get Rating) by 52.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,848 shares of the specialty retailer’s stock after purchasing an additional 1,324 shares during the quarter. MGO One Seven LLC’s holdings in Alibaba Group were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Connective Portfolio Management LLC acquired a new stake in Alibaba Group in the 4th quarter worth about $1,880,000. AFS Financial Group LLC acquired a new stake in Alibaba Group in the 4th quarter worth about $693,000. Osborne Partners Capital Management LLC raised its stake in Alibaba Group by 9.9% in the 4th quarter. Osborne Partners Capital Management LLC now owns 58,677 shares of the specialty retailer’s stock worth $5,169,000 after purchasing an additional 5,298 shares in the last quarter. Park Avenue Securities LLC raised its stake in Alibaba Group by 17.4% in the 4th quarter. Park Avenue Securities LLC now owns 8,563 shares of the specialty retailer’s stock worth $754,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Sargent Bickham Lagudis LLC raised its stake in Alibaba Group by 20.9% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 624 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 13.86% of the company’s stock.

Alibaba Group Trading Up 4.3 %

BABA opened at $102.74 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $58.01 and a fifty-two week high of $125.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $272.07 billion, a price-to-earnings ratio of 56.45, a PEG ratio of 1.17 and a beta of 0.66. The company’s 50 day moving average price is $95.44 and its two-hundred day moving average price is $89.40.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BABA. Susquehanna dropped their price objective on shares of Alibaba Group from $185.00 to $175.00 and set a “positive” rating for the company in a research note on Tuesday, February 28th. Mizuho reissued a “buy” rating and issued a $155.00 target price on shares of Alibaba Group in a report on Wednesday, March 29th. The Goldman Sachs Group raised shares of Alibaba Group from a “buy” rating to a “conviction-buy” rating in a report on Sunday, January 8th. HSBC raised their target price on shares of Alibaba Group from $138.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday. Finally, StockNews.com started coverage on shares of Alibaba Group in a report on Thursday, March 16th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $149.40.

Alibaba Group Company 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.

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

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