Alibaba Group Holding Limited $BABA Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 40.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,971 shares of the specialty retailer’s stock after selling 5,442 shares during the period. Alps Advisors Inc.’s holdings in Alibaba Group were worth $1,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Primecap Management Co. CA boosted its holdings 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 worth $2,354,877,000 after buying an additional 140,579 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Alibaba Group by 8.0% during 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 acquiring an additional 390,883 shares during the last quarter. Norges Bank bought a new stake in shares of Alibaba Group during the 2nd quarter worth $527,243,000. Discerene Group LP boosted its stake in shares of Alibaba Group by 0.6% during the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after acquiring an additional 18,400 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of 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 acquiring an additional 245,970 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Key Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BABA shares. Jefferies Financial Group reduced their target price on Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Citigroup boosted their price objective on Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Loop Capital set a $140.00 target price on shares of Alibaba Group in a report on Tuesday, January 6th. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Rosenblatt Securities set a $195.00 price target on shares of Alibaba Group in a research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.17.

View Our Latest Analysis on Alibaba Group

Alibaba Group Trading Up 2.2%

Shares of NYSE:BABA opened at $166.55 on Wednesday. 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 stock has a market capitalization of $397.62 billion, a PE ratio of 23.00, a P/E/G ratio of 3.57 and a beta of 0.39. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The firm has a fifty day moving average price of $159.08 and a 200 day moving average price of $154.63.

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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