Focus Partners Advisor Solutions LLC Sells 141 Shares of Alibaba Group Holding Limited $BABA

Focus Partners Advisor Solutions LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,586 shares of the specialty retailer’s stock after selling 141 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Alibaba Group were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Brighton Jones LLC raised its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after buying an additional 981 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in Alibaba Group in the first quarter worth approximately $264,000. DAVENPORT & Co LLC raised its stake in Alibaba Group by 169.9% in the first quarter. DAVENPORT & Co LLC now owns 45,608 shares of the specialty retailer’s stock worth $6,031,000 after buying an additional 28,710 shares in the last quarter. WCM Investment Management LLC bought a new position in Alibaba Group in the first quarter worth approximately $4,074,000. Finally, Private Trust Co. NA raised its stake in Alibaba Group by 158.7% in the first quarter. Private Trust Co. NA now owns 3,428 shares of the specialty retailer’s stock worth $453,000 after buying an additional 2,103 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho set a $195.00 price objective on shares of Alibaba Group in a research note on Wednesday, October 22nd. Benchmark boosted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. UBS Group reissued a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Wednesday, September 3rd. Finally, CLSA boosted their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

NYSE BABA opened at $173.82 on Friday. The firm’s fifty day simple moving average is $160.42 and its two-hundred day simple moving average is $132.74. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The firm has a market capitalization of $414.74 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.40 and a beta of 0.18.

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.