Groupe la Francaise Has $1.94 Million Stock Position in Alibaba Group Holding Limited $BABA

Groupe la Francaise reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 91.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,155 shares of the specialty retailer’s stock after selling 180,837 shares during the quarter. Groupe la Francaise’s holdings in Alibaba Group were worth $1,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC lifted its position in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after acquiring an additional 49,010,087 shares during the period. Norges Bank bought a new stake in Alibaba Group in the second quarter valued at $527,243,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alibaba Group by 85.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $158.20 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock has a market cap of $377.48 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.33. The stock’s fifty day simple moving average is $167.89 and its two-hundred day simple moving average is $139.58. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67.

Analysts Set New Price Targets

BABA has been the topic of a number of research reports. Bank of America upped their price target on Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein lowered their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Rosenblatt Securities set a $195.00 target price on Alibaba Group in a report on Wednesday, November 26th. Citigroup boosted their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $191.89.

Alibaba Group 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.