CenterBook Partners LP Has $987,000 Stock Holdings in Alibaba Group Holding Limited $BABA

CenterBook Partners LP trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 54.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,524 shares of the specialty retailer’s stock after selling 6,578 shares during the period. CenterBook Partners LP’s holdings in Alibaba Group were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Traphagen Investment Advisors LLC raised its holdings in shares of Alibaba Group by 2.0% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer’s stock valued at $539,000 after purchasing an additional 59 shares during the period. Bruce G. Allen Investments LLC increased its position in Alibaba Group by 26.4% during the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Bluesphere Advisors LLC raised its stake in Alibaba Group by 2.2% in the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock valued at $540,000 after buying an additional 64 shares during the period. Richardson Financial Services Inc. lifted its position in shares of 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 buying an additional 65 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its position in shares of Alibaba Group by 1.0% in the third quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock valued at $1,191,000 after buying an additional 66 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on BABA. Barclays lifted their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Freedom Capital downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday, January 21st. Finally, Morgan Stanley decreased their target price on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Seventeen equities 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, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $154.60 on Friday. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The company’s 50 day moving average price is $158.99 and its two-hundred day moving average price is $156.24. The firm has a market cap of $369.10 billion, a PE ratio of 21.35, a PEG ratio of 3.38 and a beta of 0.39. 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 Company Profile

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.