Woodstock Corp Sells 161 Shares of Alibaba Group Holding Limited $BABA

Woodstock Corp lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,642 shares of the specialty retailer’s stock after selling 161 shares during the quarter. Woodstock Corp’s holdings in Alibaba Group were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after buying an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after purchasing an additional 2,584,480 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares during the last quarter. Temasek Holdings Private Ltd boosted its holdings in shares of Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after purchasing an additional 1,045,789 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alibaba Group by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock valued at $390,885,000 after purchasing an additional 752,275 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BABA. Benchmark increased their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. UBS Group restated a “buy” rating and set a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Citigroup upped their target price on shares of Alibaba Group from $148.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group upped their target price on shares of Alibaba Group from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Buy” and a consensus price target of $167.40.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $157.97 on Tuesday. The firm has a market cap of $376.61 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.90 and a beta of 0.11. The firm’s 50 day simple moving average is $124.36 and its 200-day simple moving average is $122.59. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $159.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45.

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.