Alibaba Group Holding Limited $BABA Shares Sold by Maxi Investments CY Ltd

Maxi Investments CY Ltd reduced its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 93.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the specialty retailer’s stock after selling 294,835 shares during the quarter. Maxi Investments CY Ltd’s holdings in Alibaba Group were worth $3,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Capital World Investors lifted its stake in Alibaba Group by 1,074.9% during the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after purchasing an additional 5,524,354 shares during the last quarter. Norges Bank acquired a new position in Alibaba Group in the second quarter worth $527,243,000. Alkeon Capital Management LLC bought a new stake in Alibaba Group during the second quarter valued at $184,291,000. Artisan Partners Limited Partnership acquired a new stake in shares of Alibaba Group during the third quarter worth $290,208,000. Finally, Trivest Advisors Ltd acquired a new stake in shares of Alibaba Group during the third quarter worth $202,126,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

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Analyst Ratings Changes

Several research analysts have recently commented on BABA shares. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays increased their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Nomura raised their target price on shares of Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Benchmark restated a “buy” rating and issued a $195.00 target price on shares of Alibaba Group in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lowered their target price on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.17.

Read Our Latest Stock Analysis on Alibaba Group

Alibaba Group Stock Up 1.1%

Shares of Alibaba Group stock opened at $136.65 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group Holding Limited has a 1-year low of $95.73 and a 1-year high of $192.67. The business’s fifty day moving average price is $155.69 and its two-hundred day moving average price is $158.80. The company has a market capitalization of $326.23 billion, a P/E ratio of 18.87, a PEG ratio of 2.96 and a beta of 0.43.

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.

See Also

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

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