Naples Global Advisors LLC raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,736 shares of the specialty retailer’s stock after buying an additional 107 shares during the quarter. Naples Global Advisors LLC’s holdings in Alibaba Group were worth $368,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pacifica Partners Inc. bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $26,000. Sugarloaf Wealth Management LLC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $30,000. Financial Advantage Inc. bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $33,000. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $33,000. Finally, Squar Milner Financial Services LLC lifted its position in shares of Alibaba Group by 111.7% during the 4th quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock worth $34,000 after buying an additional 86 shares during the period. 46.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BABA opened at $224.31 on Thursday. The stock has a fifty day moving average price of $217.62 and a two-hundred day moving average price of $188.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. Alibaba Group Holding Ltd has a 52-week low of $147.95 and a 52-week high of $231.14. The company has a market cap of $570.73 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.41 and a beta of 2.21.
About Alibaba Group
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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