Argonautica Private Wealth Management Inc. Sells 117 Shares of Alibaba Group Holding Limited $BABA

Argonautica Private Wealth Management Inc. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,903 shares of the specialty retailer’s stock after selling 117 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Alibaba Group were worth $556,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC lifted its position in 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 valued at $5,558,646,000 after acquiring an additional 49,010,087 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Alibaba Group by 43.0% in the 1st 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 acquiring an additional 2,584,480 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Alibaba Group by 85.6% in the 1st 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 acquiring an additional 3,947,460 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 3.9%

Shares of BABA stock opened at $166.77 on Wednesday. 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 firm’s 50-day moving average is $152.97 and its 200-day moving average is $129.30. The stock has a market cap of $397.60 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.32 and a beta of 0.18. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. CLSA boosted their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Wednesday, September 3rd. Robert W. Baird boosted their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Barclays boosted their price target on shares of Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.06.

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.