Cowa LLC Lowers Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Cowa LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 50.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,042 shares of the specialty retailer’s stock after selling 3,048 shares during the period. Cowa LLC’s holdings in Alibaba Group were worth $402,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT purchased a new position in Alibaba Group during the 1st quarter valued at about $267,000. Nations Financial Group Inc. IA ADV increased its holdings in Alibaba Group by 121.9% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 40,774 shares of the specialty retailer’s stock valued at $5,392,000 after purchasing an additional 22,396 shares during the period. Oak Grove Capital LLC purchased a new position in Alibaba Group during the 1st quarter valued at about $1,798,000. American Century Companies Inc. increased its holdings in Alibaba Group by 52.1% during the 1st quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after purchasing an additional 785,494 shares during the period. Finally, Ethic Inc. increased its holdings in Alibaba Group by 7.2% during the 1st quarter. Ethic Inc. now owns 15,421 shares of the specialty retailer’s stock valued at $2,046,000 after purchasing an additional 1,039 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Arete Research downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 24th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research report on Wednesday, May 14th. Benchmark reissued a “buy” rating on shares of Alibaba Group in a research report on Monday, July 21st. Arete cut Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Finally, Mizuho dropped their price target on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.29.

Alibaba Group Price Performance

Shares of BABA opened at $121.12 on Friday. The firm has a market capitalization of $288.85 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.17. The company’s fifty day moving average price is $116.23 and its 200-day moving average price is $120.30. Alibaba Group Holding Limited has a 1-year low of $79.21 and a 1-year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

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.