Alibaba Group Holding Limited $BABA Stock Holdings Reduced by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 10.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 146,605 shares of the specialty retailer’s stock after selling 16,354 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Alibaba Group were worth $25,633,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. 1248 Management LLC bought a new stake in Alibaba Group during the first quarter worth approximately $26,000. Summit Securities Group LLC increased its stake in Alibaba Group by 100.3% during 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 period. Ransom Advisory Ltd bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $26,000. Rosenberg Matthew Hamilton acquired a new position in shares of Alibaba Group in the 2nd quarter valued at $26,000. Finally, NewSquare Capital LLC raised its position in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 130 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the topic of several recent analyst reports. Arete Research set a $172.00 target price on shares of Alibaba Group in a research note on Tuesday, December 9th. Citigroup lifted their target price on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. UBS Group reissued a “buy” rating and set a $162.00 price target on shares of Alibaba Group in a research note on Sunday, August 31st. Benchmark reissued a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a research note on Tuesday, November 25th. Finally, Wall Street Zen lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.00.

Alibaba Group Stock Performance

Shares of BABA stock opened at $149.50 on Wednesday. The company’s fifty day simple moving average is $163.22 and its 200-day simple moving average is $141.96. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The firm has a market cap of $356.72 billion, a PE ratio of 20.65, a P/E/G ratio of 2.30 and a beta of 0.33.

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.