Alibaba Group Holding Ltd (BABA) Shares Bought by Mogy Joel R Investment Counsel Inc.

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.

BABA has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on Alibaba Group in a research note on Thursday, June 14th. They issued a “buy” rating on the stock. KeyCorp raised Alibaba Group to a “buy” rating and set a $235.00 target price on the stock in a research note on Monday, July 9th. SunTrust Banks increased their target price on Alibaba Group to $235.00 and gave the company a “buy” rating in a research note on Monday, May 7th. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. Finally, MKM Partners upped their price target on shares of Alibaba Group from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, May 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $231.18.

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.

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

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