Bank Hapoalim BM Cuts Position in Alibaba Group Holding Limited $BABA

Bank Hapoalim BM trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,913 shares of the specialty retailer’s stock after selling 100 shares during the quarter. Bank Hapoalim BM’s holdings in Alibaba Group were worth $557,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC raised its holdings in shares of Alibaba Group by 1,349,768.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Alibaba Group by 3,214.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock valued at $578,992,000 after buying an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alibaba Group by 85.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after buying an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after buying an additional 2,885,154 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after buying an additional 2,584,480 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Susquehanna increased their target price on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research note on Saturday, September 27th. CLSA increased their target price on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho increased their target price on Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Zacks Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $181.88.

Alibaba Group Trading Down 0.7%

NYSE:BABA opened at $187.94 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $140.65 and its two-hundred day moving average is $126.16. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The company has a market cap of $448.06 billion, a PE ratio of 21.85, a P/E/G ratio of 2.24 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.