Cypress Capital Group Has $6.13 Million Stake in Alibaba Group Holding Limited $BABA

Cypress Capital Group boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 13.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,269 shares of the specialty retailer’s stock after buying an additional 4,094 shares during the quarter. Cypress Capital Group’s holdings in Alibaba Group were worth $6,125,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Verde Servicos Internacionais S.A. boosted its position in Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock valued at $7,686,000 after acquiring an additional 4,373 shares during the last quarter. NTV Asset Management LLC lifted its stake in shares of Alibaba Group by 127.4% in the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock valued at $2,707,000 after purchasing an additional 8,484 shares during the period. Ninety One UK Ltd acquired a new position in shares of Alibaba Group in the 2nd quarter valued at about $15,318,000. Marex Group plc bought a new stake in shares of Alibaba Group during the 2nd quarter valued at about $17,139,000. Finally, Y Intercept Hong Kong Ltd grew its stake in Alibaba Group by 197.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer’s stock worth $3,881,000 after purchasing an additional 22,701 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.7%

Shares of NYSE BABA opened at $174.43 on Friday. 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 50-day moving average price of $158.25 and a 200-day moving average price of $151.60. The stock has a market capitalization of $416.44 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.83 and a beta of 0.37. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67.

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BABA. Citigroup boosted their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Barclays increased their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Morgan Stanley decreased their price target on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Macquarie reissued an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Benchmark restated a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a research note on Tuesday, November 25th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $195.17.

Get Our Latest Stock Analysis on BABA

Alibaba Group Company 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.

See Also

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

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