Mogy Joel R Investment Counsel Inc. lifted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,260 shares of the specialty retailer’s stock after purchasing an additional 890 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Alibaba Group were worth $2,460,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in BABA. Riverhead Capital Management LLC bought a new position in Alibaba Group in the first quarter valued at $110,000. Duncker Streett & Co. Inc. increased its stake in Alibaba Group by 195.1% in the second quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 400 shares during the last quarter. Stelac Advisory Services LLC bought a new position in Alibaba Group in the second quarter valued at $116,000. Clarus Wealth Advisors bought a new position in Alibaba Group in the second quarter valued at $125,000. Finally, Jacobi Capital Management LLC increased its stake in Alibaba Group by 480.0% in the first quarter. Jacobi Capital Management LLC now owns 725 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 600 shares during the last quarter. 37.97% of the stock is currently owned by hedge funds and other institutional investors.
Alibaba Group opened at $180.01 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.27. The stock has a market cap of $453.81 billion, a PE ratio of 46.14, a PEG ratio of 1.13 and a beta of 2.49. Alibaba Group Holding Ltd has a 1-year low of $147.50 and a 1-year high of $211.70.
Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Featured Story: Short Selling
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.