Alibaba Group Holding Limited $BABA Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 34.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,476 shares of the specialty retailer’s stock after selling 18,283 shares during the period. Asset Management One Co. Ltd.’s holdings in Alibaba Group were worth $6,162,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the last quarter. Primecap Management Co. CA boosted its stake in Alibaba Group by 0.7% in the 2nd 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 during the last quarter. Fisher Asset Management LLC grew its holdings in 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 buying an additional 390,883 shares during the period. Norges Bank acquired a new position in shares of Alibaba Group during the 2nd quarter valued at about $527,243,000. Finally, Discerene Group LP lifted its holdings 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 during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Rosenblatt Securities set a $195.00 price target on shares of Alibaba Group in a research report on Wednesday, November 26th. Wall Street Zen downgraded Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Bank of America increased their target price on Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Mizuho set a $195.00 price target on Alibaba Group in a research report on Wednesday, October 22nd. Finally, Morgan Stanley dropped their price target on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $191.84.

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Alibaba Group News Summary

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Alibaba Group Trading Up 5.3%

NYSE:BABA opened at $154.60 on Friday. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The business’s 50-day moving average is $156.19 and its two-hundred day moving average is $145.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $368.89 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.27 and a beta of 0.37.

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.

See Also

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

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