Harbour Capital Advisors LLC Makes New $1.25 Million Investment in Alibaba Group Holding Limited $BABA

Harbour Capital Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,900 shares of the specialty retailer's stock, valued at approximately $1,251,000.Get Alibaba Group alerts:Can Alibaba’s Big Bets Pay Off After a Breakout Year?Other hedge funds and other institutional investors have also bought and sold shares of the company. Traphagen Investment Advisors LLC raised its position in shares of Alibaba Group by 2.0% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer's stock worth $539,000 after acquiring an additional 59 shares in the last quarter. Cary Street Partners Financial LLC boosted its holdings in Alibaba Group by 1.8% in the second quarter. Cary Street Partners Financial LLC now owns 4,757 shares of the specialty retailer's stock worth $539,000 after acquiring an additional 83 shares in the last quarter. Wedbush Securities Inc. grew its stake in Alibaba Group by 2.1% in the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer's stock valued at $480,000 after acquiring an additional 88 shares during the period. CWM LLC increased its holdings in shares of Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer's stock valued at $1,364,000 after acquiring an additional 92 shares in the last quarter. Finally, Fifth Third Bancorp raised 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 worth $1,109,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock. Alibaba Group Stock Up 0.2%Shares of NYSE BABA opened at $147.37 on Friday. The business has a 50-day simple moving average of $162.01 and a two-hundred day simple moving average of $142.03. The company has a market cap of $351.65 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.26 and a beta of 0.33. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Wall Street Analyst Weigh InGo on a Shopping Spree With 3 Top Retail ETFsA number of analysts have commented on BABA shares. Jefferies Financial Group boosted their price target on shares of Alibaba Group from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, September 29th. UBS Group reissued a "buy" rating and set a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Macquarie reiterated an "outperform" rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Alibaba Group in a report on Wednesday, October 8th. Finally, Mizuho set a $195.00 price target on Alibaba Group in a report on Wednesday, October 22nd. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $194.00.Get Our Latest Analysis on Alibaba GroupAlibaba Group Company Profile (Free Report)OpenAI's Restructuring Sets up What Could Be the Biggest IPO EverAlibaba 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.See AlsoFive stocks we like better than Alibaba GroupConference Calls and Individual InvestorsQualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?What Is WallStreetBets and What Stocks Are They Targeting?Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500Stock Analyst Ratings and Canadian Analyst RatingsForget the Chips: 4 Industrial Plays for the AI ReboundWant 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 Limited (NYSE:BABA - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Alibaba Group Right Now?Before you consider Alibaba Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here