Oak Harvest Investment Services Decreases Stake in Alibaba Group Holding Limited $BABA

Oak Harvest Investment Services lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 26.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,681 shares of the specialty retailer’s stock after selling 11,224 shares during the quarter. Oak Harvest Investment Services’ holdings in Alibaba Group were worth $5,484,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after acquiring an additional 49,010,087 shares during the last quarter. Primecap Management Co. CA raised its stake in Alibaba Group by 0.7% during the second quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after purchasing an additional 140,579 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alibaba Group by 85.6% in 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 worth $1,131,558,000 after buying an additional 3,947,460 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after buying an additional 1,045,789 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Alibaba Group by 8.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock valued at $597,381,000 after buying an additional 390,883 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 2.4%

Alibaba Group stock opened at $148.54 on Tuesday. The firm has a market cap of $354.42 billion, a PE ratio of 20.52, a P/E/G ratio of 2.36 and a beta of 0.33. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $159.87 and its two-hundred day simple moving average is $143.92. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BABA shares. Bank of America lifted their price target on Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Macquarie reiterated an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Susquehanna raised their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research note on Thursday, September 18th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Alibaba Group Profile

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.