Alibaba Group Holding Limited $BABA Shares Sold by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 18.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,705 shares of the specialty retailer’s stock after selling 11,551 shares during the quarter. Alibaba Group comprises about 2.3% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 17th largest position. Wilson Asset Management International PTY Ltd.’s holdings in Alibaba Group were worth $9,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Traphagen Investment Advisors LLC lifted its stake in shares of 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 during the period. Bruce G. Allen Investments LLC raised its holdings in 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 lifted its position in Alibaba Group by 2.2% in the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock valued at $540,000 after purchasing an additional 64 shares during the period. Richardson Financial Services Inc. boosted its holdings 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 purchasing an additional 65 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its position in Alibaba Group by 1.0% during the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after purchasing an additional 66 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday, January 21st. Arete Research upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, January 21st. Rosenblatt Securities set a $195.00 price target on shares of Alibaba Group in a research note on Wednesday, November 26th. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $162.57 on Monday. 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 company’s 50-day moving average price is $158.99 and its 200 day moving average price is $154.00. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67. The stock has a market cap of $388.12 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.55 and a beta of 0.39.

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.