Academy Capital Management Has $3.25 Million Holdings in Alibaba Group Holding Limited $BABA

Academy Capital Management lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 6.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 28,686 shares of the specialty retailer’s stock after selling 1,904 shares during the period. Alibaba Group makes up about 0.5% of Academy Capital Management’s holdings, making the stock its 21st largest position. Academy Capital Management’s holdings in Alibaba Group were worth $3,253,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC grew its stake in Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new stake in Alibaba Group in the first quarter valued at approximately $26,000. 1248 Management LLC acquired a new stake in Alibaba Group in the first quarter valued at approximately $26,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in Alibaba Group in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of research reports. 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. CLSA lifted their target price on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. cut their target price on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Susquehanna lifted their target price on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. One research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $174.49 on Monday. The business’s fifty day simple moving average is $155.80 and its 200 day simple moving average is $130.92. The firm has a market capitalization of $416.34 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.33 and a beta of 0.18. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. 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 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.