Cooper Financial Group Decreases Stock Position in Alibaba Group Holding Limited $BABA

Cooper Financial Group trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 65.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,397 shares of the specialty retailer’s stock after selling 4,589 shares during the quarter. Cooper Financial Group’s holdings in Alibaba Group were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Traphagen Investment Advisors LLC grew its holdings in shares of Alibaba Group by 2.0% during the third quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock worth $539,000 after buying an additional 59 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in Alibaba Group by 1.8% during 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 during the last quarter. Wedbush Securities Inc. grew its stake in Alibaba Group by 2.1% during the 2nd 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 in the last quarter. CWM LLC raised its holdings in Alibaba Group by 0.8% in the 2nd 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 during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Alibaba Group by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BABA shares. Citigroup upped their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Sanford C. Bernstein dropped their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Macquarie reaffirmed an “outperform” rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Benchmark reissued a “buy” rating and set a $195.00 price target on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Check Out Our Latest Stock Analysis on Alibaba Group

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $149.70 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The firm’s 50 day moving average is $161.83 and its two-hundred day moving average is $142.27. The firm has a market capitalization of $357.20 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.26 and a beta of 0.33.

Alibaba Group News Summary

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About Alibaba Group

(Free Report)

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.

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.

See Also

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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