Alibaba Group Holding Limited $BABA Position Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,400 shares of the specialty retailer’s stock after selling 363 shares during the period. D.A. Davidson & CO.’s holdings in Alibaba Group were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Accent Capital Management LLC lifted its stake in Alibaba Group by 5.5% in the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust lifted its stake in Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after acquiring an additional 85 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after purchasing an additional 89 shares during the last quarter. CWM LLC lifted its stake in shares of Alibaba Group by 0.8% in the 2nd quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 92 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Alibaba Group by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after purchasing an additional 94 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BABA shares. Benchmark lifted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Nomura boosted their price target on Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a report on Friday. Sanford C. Bernstein boosted their target price on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Bank of America boosted their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.18.

Alibaba Group Price Performance

NYSE BABA opened at $174.49 on Monday. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $416.34 billion, a PE ratio of 20.29, a P/E/G ratio of 2.33 and a beta of 0.18. The stock has a 50-day simple moving average of $155.80 and a 200 day simple moving average of $130.92.

Alibaba Group Company 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.