Interchange Capital Partners LLC Has $283,000 Position in Alibaba Group Holding Limited $BABA

Interchange Capital Partners LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 39.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,498 shares of the specialty retailer’s stock after selling 1,624 shares during the period. Interchange Capital Partners LLC’s holdings in Alibaba Group were worth $283,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BABA. Kingstone Capital Partners Texas LLC increased its stake in Alibaba Group by 1,349,768.3% in the second 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 during the period. Goldman Sachs Group Inc. increased its stake in 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 acquiring an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD increased its stake in 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 acquiring an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 acquiring an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd increased its stake in Alibaba Group by 23.4% in the first 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 during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA opened at $174.49 on Monday. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $192.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50 day simple moving average is $155.80 and its 200-day simple moving average is $130.92. The stock 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.

Analysts Set New Price Targets

A number of analysts recently weighed in on BABA shares. Barclays upped their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Zacks Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Erste Group Bank raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Susquehanna upped their price objective on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. Finally, Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note 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 given a Sell rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $190.18.

Alibaba Group Company 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.