O Keefe Stevens Advisory Inc. Acquires 2,354 Shares of Alibaba Group Holding Limited $BABA

Key Points

• O Keefe Stevens Advisory Inc. increased its stake in Alibaba Group by 2.9%, acquiring an additional 2,354 shares, bringing its total to 82,818 shares valued at approximately $9.4 million.
• Several hedge funds, including Accent Capital Management and Greenleaf Trust, have also increased their holdings in Alibaba, contributing to institutional investors owning 13.47% of the stock.
• Analysts have raised target prices for Alibaba, with Robert W. Baird setting a new target of $174.00, and Barclays raising theirs to $190.00, reflecting a positive outlook.

O Keefe Stevens Advisory Inc. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,818 shares of the specialty retailer's stock after buying an additional 2,354 shares during the quarter. Alibaba Group comprises 2.6% of O Keefe Stevens Advisory Inc.'s investment portfolio, making the stock its 14th largest position. O Keefe Stevens Advisory Inc.'s holdings in Alibaba Group were worth $9,392,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC boosted its position in shares of Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after purchasing an additional 82 shares in the last quarter. Greenleaf Trust boosted its position in shares of Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after purchasing an additional 85 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock valued at $2,225,000 after purchasing an additional 89 shares in the last quarter. Institute for Wealth Management LLC. boosted its position in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after purchasing an additional 93 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Alibaba Group by 1.0% during the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer's stock valued at $1,109,000 after purchasing an additional 94 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BABA. Zacks Research raised Alibaba Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 9th. Robert W. Baird boosted their target price on Alibaba Group from $153.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Barclays boosted their target price on Alibaba Group from $145.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of Alibaba Group in a report on Saturday, September 27th. Finally, Erste Group Bank raised Alibaba Group from a "hold" rating to a "buy" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $181.88.

Alibaba Group Trading Down 0.7%

Shares of NYSE:BABA opened at $187.94 on Friday. The company has a market cap of $448.06 billion, a P/E ratio of 21.85, a PEG ratio of 2.22 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The stock's fifty day moving average price is $140.65 and its 200-day moving average price is $126.04.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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