Alibaba Group Holding Limited $BABA Shares Sold by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 80.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,027 shares of the specialty retailer’s stock after selling 46,700 shares during the period. Alibaba Group makes up about 0.9% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its 21st biggest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in Alibaba Group were worth $1,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 981 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Alibaba Group by 56.9% in the 1st quarter. Bank of New York Mellon Corp now owns 270,984 shares of the specialty retailer’s stock valued at $35,832,000 after purchasing an additional 98,236 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Alibaba Group by 42.2% in the first quarter. Brown Advisory Inc. now owns 6,137 shares of the specialty retailer’s stock valued at $811,000 after purchasing an additional 1,820 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Alibaba Group by 10.5% during the first quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the specialty retailer’s stock worth $139,000 after buying an additional 100 shares in the last quarter. Finally, Xponance Inc. grew its position in Alibaba Group by 58.6% during the first quarter. Xponance Inc. now owns 4,296 shares of the specialty retailer’s stock worth $568,000 after buying an additional 1,587 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. dropped their price target on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Sanford C. Bernstein lifted their price target on Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. CLSA increased their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Finally, Barclays lifted their target price 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $160.60 on Wednesday. The company has a 50-day simple moving average of $166.52 and a 200-day simple moving average of $135.96. 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 has a market cap of $383.20 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67.

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.