GF Fund Management CO. LTD. Cuts Stock Holdings in Alibaba Group Holding Limited $BABA

GF Fund Management CO. LTD. lessened its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 95.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,009 shares of the specialty retailer’s stock after selling 19,920 shares during the period. GF Fund Management CO. LTD.’s holdings in Alibaba Group were worth $180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mather Group LLC. bought a new stake in Alibaba Group during the 3rd quarter valued at $30,000. NBT Bank N A NY raised its position in shares of Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 125 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of Alibaba Group by 65.0% during the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Elkhorn Partners Limited Partnership boosted its position in Alibaba Group by 33.3% during the second quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in Alibaba Group by 34.4% in the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 65 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BABA shares. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, January 21st. Freedom Capital downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Macquarie Infrastructure reaffirmed an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Morgan Stanley lowered their price objective on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, January 21st. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $195.17.

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Alibaba Group Price Performance

NYSE BABA opened at $155.74 on Tuesday. The stock’s fifty day moving average price is $159.12 and its 200 day moving average price is $155.72. Alibaba Group Holding Limited has a 1 year low of $95.73 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. The company has a market cap of $371.81 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 3.41 and a beta of 0.39.

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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