Natixis Advisors LLC Has $44.48 Million Position in Alibaba Group Holding Limited $BABA

Natixis Advisors LLC cut its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,844 shares of the specialty retailer’s stock after selling 8,807 shares during the quarter. Natixis Advisors LLC’s holdings in Alibaba Group were worth $44,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NTV Asset Management LLC lifted its holdings in shares of Alibaba Group by 127.4% during the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock valued at $2,707,000 after buying an additional 8,484 shares during the last quarter. Marex Group plc acquired a new position in Alibaba Group in the second quarter worth approximately $17,139,000. National Bank of Canada FI increased its holdings in Alibaba Group by 373.5% in the second quarter. National Bank of Canada FI now owns 602,233 shares of the specialty retailer’s stock worth $68,294,000 after buying an additional 475,053 shares during the last quarter. Oriental Harbor Investment Master Fund bought a new position in Alibaba Group during the third quarter valued at approximately $39,500,000. Finally, ARK Investment Management LLC bought a new position in Alibaba Group during the third quarter valued at approximately $37,565,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BABA has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Arete Research upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, January 21st. Nomura lifted their price objective on shares of Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Macquarie Infrastructure reiterated an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Finally, Barclays increased their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $195.17.

Check Out Our Latest Stock Report on BABA

Alibaba Group Trading Up 1.5%

NYSE:BABA opened at $132.74 on Tuesday. The company’s 50 day moving average is $157.16 and its 200-day moving average is $158.33. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month high of $192.67. The firm has a market cap of $316.90 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 2.86 and a beta of 0.43.

Alibaba Group News Summary

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Alibaba Group Company 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.

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

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