GF Fund Management CO. LTD. Decreases Stock Holdings in Alibaba Group Holding Limited $BABA

GF Fund Management CO. LTD. cut its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 95.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,009 shares of the specialty retailer’s stock after selling 19,920 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Alibaba Group were worth $180,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Alibaba Group in the 3rd quarter worth $30,000. NBT Bank N A NY lifted its holdings in shares of Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the last quarter. NewSquare Capital LLC grew its position in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 130 shares in the last quarter. Elkhorn Partners Limited Partnership increased its stake in Alibaba Group by 33.3% during the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in Alibaba Group by 34.4% during the third 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 during the period. Institutional investors own 13.47% of the company’s stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on BABA. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Rosenblatt Securities set a $195.00 price objective on shares of Alibaba Group in a research note on Wednesday, November 26th. Nomura increased their target price on shares of Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Citigroup lifted their price target on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Benchmark reissued a “buy” rating and issued a $195.00 price objective on shares of Alibaba Group in a research note on Tuesday, November 25th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Check Out Our Latest Stock Report on BABA

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $155.74 on Tuesday. The firm’s 50 day simple moving average is $159.12 and its 200-day simple moving average is $155.72. 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 Holding Limited has a one year low of $95.73 and a one year high of $192.67. The firm has a market cap of $371.81 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 3.41 and a beta of 0.39.

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.

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

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