Alibaba Group Holding Limited $BABA Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 34.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,476 shares of the specialty retailer’s stock after selling 18,283 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Alibaba Group were worth $6,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ariose Capital Management Ltd acquired a new stake in Alibaba Group in the third quarter valued at about $17,726,000. Eagle Strategies LLC purchased a new position in shares of Alibaba Group during the 3rd quarter worth approximately $297,000. Global Retirement Partners LLC lifted its holdings in shares of Alibaba Group by 5.8% in the 3rd quarter. Global Retirement Partners LLC now owns 7,507 shares of the specialty retailer’s stock valued at $1,342,000 after buying an additional 413 shares during the period. Simon Quick Advisors LLC boosted its stake in shares of Alibaba Group by 20.1% in the third quarter. Simon Quick Advisors LLC now owns 3,496 shares of the specialty retailer’s stock valued at $625,000 after buying an additional 585 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in Alibaba Group by 20.1% during the third quarter. PDS Planning Inc now owns 7,667 shares of the specialty retailer’s stock worth $1,370,000 after acquiring an additional 1,283 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BABA. Citigroup boosted their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Loop Capital set a $140.00 price objective on shares of Alibaba Group in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Arete lowered Alibaba Group from a “buy” rating to a “neutral” rating and set a $172.00 price target on the stock. in a research note on Tuesday, December 9th. Finally, Morgan Stanley lowered their price target on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.84.

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Alibaba Group Stock Performance

Alibaba Group stock opened at $154.60 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The company has a market capitalization of $368.89 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.27 and a beta of 0.37. The stock has a fifty day moving average of $156.19 and a two-hundred day moving average of $145.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46.

Alibaba Group Profile

(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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