Baader Bank Aktiengesellschaft Lowers Stock Holdings in Alibaba Group Holding Limited $BABA

Baader Bank Aktiengesellschaft reduced its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 49.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the specialty retailer’s stock after selling 3,169 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Alibaba Group were worth $576,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Primecap Management Co. CA grew its position in Alibaba Group by 0.7% during the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after acquiring an additional 140,579 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Alibaba Group by 8.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock valued at $597,381,000 after purchasing an additional 390,883 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group during the 2nd quarter valued at $527,243,000. Discerene Group LP raised its position in Alibaba Group by 0.6% in the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after purchasing an additional 18,400 shares during the period. Finally, American Century Companies Inc. raised its position in Alibaba Group by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock worth $287,954,000 after purchasing an additional 245,970 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein reduced their price objective on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Jefferies Financial Group reduced their price target on Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Nomura lifted their price target on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Loop Capital set a $140.00 price objective on Alibaba Group in a research report on Tuesday, January 6th. Finally, Barclays raised their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.17.

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Alibaba Group Price Performance

Shares of NYSE BABA opened at $164.21 on Thursday. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The stock has a market capitalization of $392.04 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.65 and a beta of 0.39. The company’s 50-day moving average is $159.20 and its 200 day moving average is $154.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick 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.

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

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