Corient Private Wealth LLC Has $4.16 Million Holdings in Alibaba Group Holding Limited $BABA

Corient Private Wealth LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,607 shares of the specialty retailer’s stock after selling 4,963 shares during the quarter. Corient Private Wealth LLC’s holdings in Alibaba Group were worth $4,161,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BABA. 1248 Management LLC bought a new stake in Alibaba Group in the 1st quarter valued at $26,000. Ransom Advisory Ltd bought a new position in Alibaba Group during the 1st quarter worth $26,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Alibaba Group during the second quarter worth $26,000. NewSquare Capital LLC boosted its position in shares of Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 130 shares during the period. Finally, Elkhorn Partners Limited Partnership grew its stake in shares of Alibaba Group by 33.3% in the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, November 26th. Susquehanna lifted their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Barclays increased their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Bank of America raised their price objective on Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

Read Our Latest Report on BABA

Alibaba Group Price Performance

Shares of BABA stock opened at $149.70 on Friday. The business has a fifty day simple moving average of $161.83 and a 200 day simple moving average of $142.46. The company has a market cap of $357.20 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.30 and a beta of 0.33. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67.

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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.

See Also

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

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