Alibaba Group Holding Limited $BABA Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 37.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 948,015 shares of the specialty retailer’s stock after selling 574,800 shares during the period. Bamco Inc. NY’s holdings in Alibaba Group were worth $107,514,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BABA. Brighton Jones LLC raised its holdings in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in shares of Alibaba Group in the first quarter valued at approximately $1,840,000. Benjamin Edwards Inc. increased its position in shares of Alibaba Group by 17.2% in the first quarter. Benjamin Edwards Inc. now owns 5,467 shares of the specialty retailer’s stock valued at $723,000 after buying an additional 802 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth approximately $304,000. Finally, Prudential PLC lifted its position in shares of Alibaba Group by 118.5% during the 1st quarter. Prudential PLC now owns 18,228 shares of the specialty retailer’s stock valued at $2,410,000 after buying an additional 9,885 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Barclays boosted their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Sanford C. Bernstein decreased their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. UBS Group reiterated a “buy” rating and set a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Finally, Susquehanna increased their target price on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, September 18th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.00.

Alibaba Group Trading Down 0.9%

BABA opened at $155.56 on Friday. The firm has a market capitalization of $371.18 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.41 and a beta of 0.33. The company’s 50 day simple moving average is $164.60 and its two-hundred day simple moving average is $141.15. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.