Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Principal Securities Inc.

Principal Securities Inc. cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,734 shares of the specialty retailer’s stock after selling 456 shares during the period. Principal Securities Inc.’s holdings in Alibaba Group were worth $1,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BABA. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter valued at approximately $31,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $36,000. Assetmark Inc. boosted its holdings in shares of Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 2.0 %

NYSE BABA opened at $127.18 on Wednesday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $129.02. The firm has a 50-day moving average price of $91.90 and a 200 day moving average price of $91.53. The stock has a market capitalization of $302.53 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.42 and a beta of 0.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Finally, Citigroup lifted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $115.86.

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.