Alibaba Group Holding Limited $BABA Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,294 shares of the specialty retailer’s stock after selling 5,224 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Alibaba Group were worth $4,162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verde Servicos Internacionais S.A. grew its holdings in Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after acquiring an additional 4,373 shares during the period. NTV Asset Management LLC raised its holdings in shares of Alibaba Group by 127.4% during the third quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock valued at $2,707,000 after acquiring an additional 8,484 shares during the period. Ninety One UK Ltd acquired a new stake in shares of Alibaba Group in the second quarter worth $15,318,000. Marex Group plc acquired a new stake in Alibaba Group during the 2nd quarter worth about $17,139,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Alibaba Group by 197.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer’s stock valued at $3,881,000 after buying an additional 22,701 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.1%

Alibaba Group stock opened at $171.37 on Tuesday. The business has a 50 day moving average price of $157.24 and a two-hundred day moving average price of $150.80. 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 12 month low of $89.22 and a 12 month high of $192.67. The stock has a market cap of $409.13 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 3.73 and a beta of 0.37.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Wall Street Zen downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Sanford C. Bernstein decreased their price objective on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Benchmark restated a “buy” rating and set a $195.00 target price on shares of Alibaba Group in a report on Tuesday, November 25th. Finally, Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.17.

Alibaba Group Company Profile

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.