Hobbs Group Advisors LLC Has $474,000 Stake in Alibaba Group Holding Limited $BABA

Hobbs Group Advisors LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 15.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,180 shares of the specialty retailer’s stock after selling 768 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Alibaba Group were worth $474,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BABA. Udine Wealth Management Inc. increased its stake in shares of Alibaba Group by 0.6% in the second quarter. Udine Wealth Management Inc. now owns 15,890 shares of the specialty retailer’s stock valued at $1,802,000 after buying an additional 102 shares during the period. Natural Investments LLC acquired a new position in shares of Alibaba Group in the second quarter valued at approximately $463,000. Lester Murray Antman dba SimplyRich increased its stake in shares of Alibaba Group by 23.2% in the second quarter. Lester Murray Antman dba SimplyRich now owns 5,259 shares of the specialty retailer’s stock valued at $596,000 after buying an additional 992 shares during the period. Aberdeen Group plc increased its stake in shares of Alibaba Group by 308.7% in the second quarter. Aberdeen Group plc now owns 18,534 shares of the specialty retailer’s stock valued at $2,102,000 after buying an additional 13,999 shares during the period. Finally, Blue Zone Wealth Advisors LLC increased its stake in shares of Alibaba Group by 2.0% in the second quarter. Blue Zone Wealth Advisors LLC now owns 53,109 shares of the specialty retailer’s stock valued at $6,023,000 after buying an additional 1,051 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. lowered their price objective on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird upped their price objective on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group upped their price objective on Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein upped 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. Finally, Nomura increased their target price on shares of Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and a consensus target price of $188.06.

Alibaba Group Stock Performance

NYSE:BABA opened at $158.76 on Friday. The company has a market capitalization of $378.50 billion, a PE ratio of 18.46, a P/E/G ratio of 1.88 and a beta of 0.18. The company has a 50 day simple moving average of $146.36 and a two-hundred day simple moving average of $127.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67.

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.