Schechter Investment Advisors LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,804 shares of the specialty retailer’s stock after selling 4,200 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Alibaba Group were worth $1,147,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in Alibaba Group during the third quarter worth approximately $26,000. Brown Shipley& Co Ltd grew its stake in shares of Alibaba Group by 3.2% during the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 202 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Alibaba Group during the third quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC grew its stake in shares of Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 175 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the third quarter valued at approximately $30,000. 13.47% of the stock is owned by institutional investors.
Alibaba Group Stock Performance
Shares of BABA opened at $71.60 on Thursday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $105.05. The stock has a fifty day moving average price of $73.39 and a 200-day moving average price of $77.64. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market cap of $181.69 billion, a PE ratio of 13.21 and a beta of 0.47.
Analysts Set New Price Targets
A number of research analysts have recently commented on BABA shares. JPMorgan Chase & Co. cut their target price on Alibaba Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Robert W. Baird cut their target price on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. The Goldman Sachs Group cut their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price target (down previously from $110.00) on shares of Alibaba Group in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $115.44.
Read Our Latest Research Report on BABA
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.
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