Groupe la Francaise Sells 180,837 Shares of Alibaba Group Holding Limited $BABA

Groupe la Francaise lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 91.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,155 shares of the specialty retailer’s stock after selling 180,837 shares during the period. Groupe la Francaise’s holdings in Alibaba Group were worth $1,936,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BABA. North Ridge Wealth Advisors Inc. purchased a new position in shares of Alibaba Group in the 1st quarter worth about $26,000. Summit Securities Group LLC raised its position in Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd purchased a new position in Alibaba Group in the first quarter valued at about $26,000. 1248 Management LLC bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $26,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $26,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 1.8%

Shares of NYSE BABA opened at $158.20 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a market cap of $377.48 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.48 and a beta of 0.33. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The business has a 50-day simple moving average of $167.89 and a two-hundred day simple moving average of $139.58.

Analyst Ratings Changes

BABA has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Rosenblatt Securities set a $195.00 price target on Alibaba Group in a research report on Wednesday, November 26th. Barclays increased their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Wednesday, September 3rd. Finally, Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $191.89.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.