Alps Advisors Inc. Has $1.43 Million Stock Position in Alibaba Group Holding Limited $BABA

Alps Advisors Inc. reduced its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 40.6% in the 3rd quarter, Holdings Channel reports. The firm owned 7,971 shares of the specialty retailer’s stock after selling 5,442 shares during the quarter. Alps Advisors Inc.’s holdings in Alibaba Group were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Alibaba Group during the 3rd quarter worth about $255,000. Moloney Securities Asset Management LLC acquired a new position in Alibaba Group in the third quarter worth about $757,000. Wellington Shields Capital Management LLC bought a new position in Alibaba Group during the third quarter worth about $77,000. MMA Asset Management LLC acquired a new stake in Alibaba Group during the third quarter valued at approximately $51,000. Finally, Elyxium Wealth LLC boosted its holdings in Alibaba Group by 1.8% during the third quarter. Elyxium Wealth LLC now owns 4,291 shares of the specialty retailer’s stock valued at $767,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA stock opened at $166.55 on Wednesday. The stock has a market cap of $397.62 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.39. The stock has a 50-day moving average of $159.08 and a 200-day moving average of $154.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group Holding Limited has a one year low of $95.73 and a one year high of $192.67.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Mizuho set a $195.00 target price on shares of Alibaba Group in a research report on Wednesday, October 22nd. Freedom Capital cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Benchmark restated a “buy” rating and set a $195.00 price target on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Citigroup raised their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned 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 $195.17.

Read Our Latest Report on BABA

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.

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

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