HC Advisors LLC Has $288,000 Stock Position in Alibaba Group Holding Limited $BABA

HC Advisors LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 57.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,541 shares of the specialty retailer’s stock after selling 3,464 shares during the period. HC Advisors LLC’s holdings in Alibaba Group were worth $288,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BABA. 1248 Management LLC bought a new position in Alibaba Group in the 1st quarter valued at about $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group during the 1st quarter worth approximately $26,000. Summit Securities Group LLC increased 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 last quarter. Ransom Advisory Ltd bought a new position in Alibaba Group in the first quarter valued at approximately $26,000. Finally, Hazlett Burt & Watson Inc. raised its position in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BABA shares. Arete Research raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Sanford C. Bernstein raised their price objective on Alibaba Group from $167.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Barclays boosted their target price on Alibaba Group from $145.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Susquehanna raised their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.18.

Alibaba Group Stock Performance

Alibaba Group stock opened at $166.06 on Friday. The business has a 50 day moving average of $165.47 and a 200-day moving average of $135.23. The company has a market capitalization of $396.22 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.40 and a beta of 0.19. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 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.

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.