RFG Advisory LLC Cuts Stock Holdings in Alibaba Group Holding Limited $BABA

RFG Advisory LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 48.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,494 shares of the specialty retailer’s stock after selling 2,371 shares during the period. RFG Advisory LLC’s holdings in Alibaba Group were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BABA. Accent Capital Management LLC increased its stake in Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 82 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after acquiring an additional 85 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after acquiring an additional 89 shares in the last quarter. CWM LLC increased its position in shares of Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after acquiring an additional 92 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Alibaba Group by 1.0% during the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock worth $1,109,000 after acquiring an additional 94 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BABA has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. Jefferies Financial Group increased their price target on shares of Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, September 29th. CLSA lifted their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Barclays boosted their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $167.03 on Monday. The firm has a market capitalization of $398.21 billion, a PE ratio of 19.42, a P/E/G ratio of 2.23 and a beta of 0.18. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $150.98 and a two-hundred day moving average price of $128.64. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67.

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.