Union Bancaire Privee UBP SA Trims Position in Alibaba Group Holding Limited $BABA

Union Bancaire Privee UBP SA decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,605 shares of the specialty retailer’s stock after selling 16,354 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Alibaba Group were worth $25,633,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hardin Capital Partners LLC grew its stake in shares of Alibaba Group by 3.4% during the 3rd quarter. Hardin Capital Partners LLC now owns 6,589 shares of the specialty retailer’s stock valued at $1,178,000 after buying an additional 215 shares during the period. Mirador Capital Partners LP acquired a new stake in Alibaba Group in the third quarter valued at approximately $384,000. Heartwood Wealth Advisors LLC purchased a new stake in Alibaba Group during the 3rd quarter worth $208,000. Aaron Wealth Advisors LLC increased its position in shares of Alibaba Group by 1.9% during the third quarter. Aaron Wealth Advisors LLC now owns 10,326 shares of the specialty retailer’s stock worth $1,846,000 after acquiring an additional 191 shares during the last quarter. Finally, TT International Asset Management LTD increased its holdings in Alibaba Group by 58.9% during the 3rd quarter. TT International Asset Management LTD now owns 942,176 shares of the specialty retailer’s stock worth $168,395,000 after purchasing an additional 349,162 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BABA shares. Jefferies Financial Group boosted their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup lifted their price target on Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a report on Sunday, August 31st. Finally, CLSA upped their target price on Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.00.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $149.50 on Wednesday. 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 $80.06 and a 12 month high of $192.67. The business has a fifty day simple moving average of $163.22 and a 200-day simple moving average of $141.96. The stock has a market cap of $356.72 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.30 and a beta of 0.33.

Alibaba Group Company 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.