BI Asset Management Fondsmaeglerselskab A S Decreases Stake in Alibaba Group Holding Limited $BABA

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 4.9% during the third quarter, Holdings Channel reports. The institutional investor owned 101,893 shares of the specialty retailer’s stock after selling 5,249 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Alibaba Group were worth $18,211,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in shares of Alibaba Group by 0.7% in the 2nd quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after purchasing an additional 140,579 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Alibaba Group by 8.0% in the second quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock valued at $597,381,000 after buying an additional 390,883 shares during the last quarter. Norges Bank acquired a new stake in Alibaba Group in the second quarter valued at $527,243,000. Discerene Group LP lifted its holdings in Alibaba Group by 0.6% during the 2nd quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock worth $338,584,000 after buying an additional 18,400 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Alibaba Group by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 2,539,055 shares of the specialty retailer’s stock worth $287,954,000 after acquiring an additional 245,970 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $157.56 on Friday. The firm’s fifty day simple moving average is $158.89 and its 200-day simple moving average is $153.26. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month high of $192.67. The stock has a market capitalization of $376.16 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.47 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

More Alibaba Group News

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Wall Street Analyst Weigh In

Several research firms recently weighed in on BABA. Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Jefferies Financial Group cut their price objective on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Rosenblatt Securities set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, November 26th. Freedom Capital downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.17.

Check Out Our Latest Stock Report on BABA

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Further Reading

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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