<div id="readability-page-1"><p>Envestnet Asset Management Inc. grew its holdings in  Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  owned 403,060 shares of the specialty retailer's stock after buying an additional 18,349 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Alibaba Group were worth $72,039,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><ul><li>If Emerging Markets Outperform, This Stock Could Lead the Charge</li></ul><p>A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Traphagen Investment Advisors LLC increased its holdings in  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.  Bruce G. Allen Investments LLC increased its stake in shares of  Alibaba Group by 26.4% during the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer's stock worth $54,000 after purchasing an additional 63 shares in the last quarter.  Bluesphere Advisors LLC raised its position in shares of  Alibaba Group by 2.2% during the 3rd quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer's stock worth $540,000 after purchasing an additional 64 shares during the last quarter.  Richardson Financial Services Inc. lifted its stake in  Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer's stock valued at $45,000 after buying an additional 65 shares in the last quarter.  Finally, Transcend Capital Advisors LLC boosted its holdings in  Alibaba Group by 1.0% in the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer's stock worth $1,191,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own  13.47% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts have commented on BABA shares. Benchmark  reissued a &#34;buy&#34; rating and set a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Wall Street Zen downgraded Alibaba Group from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Friday, November 28th. Nomura lifted their target price on shares of Alibaba Group from $193.00 to $237.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, January 26th. Freedom Capital cut shares of Alibaba Group from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, January 6th. Finally, Macquarie Infrastructure  restated an &#34;outperform&#34; rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Eighteen equities research analysts have rated the stock with a Buy rating, one  has assigned  a Hold rating and one  has issued  a Sell rating to the company. Based on data from MarketBeat, the stock  has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $195.17.</p><ul><li>Why Baidu’s Quiet Spin-Off Could Unlock a Major Re-Rating</li></ul><p><b>View Our Latest Stock Analysis on BABA</b></p><h2>Alibaba Group Trading Up 3.0%</h2><p>Shares of BABA opened at $162.57 on Monday. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The firm has a market capitalization of $388.12 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.55 and a beta of 0.39. The firm has a 50-day moving average price of $158.99 and a 200 day moving average price of $154.00. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. </p><h2>Alibaba Group Profile</h2> (Free Report)<ul><li>Can Alibaba’s Big Bets Pay Off After a Breakout Year?</li></ul><p>Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.  </p><p>The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>The day the gold market broke</li><li>Your Bank Account Is No Longer Safe</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>He just nailed another gold prediction …</li><li>~$1.5T SpaceX IPO: Pre-IPO Opportunity</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>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.</p><p>While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Envestnet Asset Management Inc. increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.8% in Q3, owning 403,060 shares valued at $72 million. Other institutional investors also adjusted their positions, with notable increases from Traphagen Investment Advisors and Bruce G. Allen Investments. Analysts have mixed ratings on BABA, with a consensus rating of "Moderate Buy" and a target price of $195.17. As of Monday, BABA shares opened at $162.57, with a market cap of $388.12 billion and a 12-month high of $192.67.</p>

- Envestnet Asset Management Inc. increased its holdings in Alibaba Group by 4.8% in Q3, now owning 403,060 shares valued at $72 million.  
- Other investors like Traphagen Investment Advisors and Bruce G. Allen Investments also raised their stakes in Alibaba during the quarter.  
- Alibaba shares have a consensus rating of "Moderate Buy" from analysts with a target price of $195.17, while the stock price opened at $162.57.

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Envestnet Asset Management Inc. Raises Stock Holdings in Alibaba Group Holding Limited $BABA