Alibaba Group Holding Limited $BABA Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lessened its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 26.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,954 shares of the specialty retailer’s stock after selling 11,288 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Alibaba Group were worth $5,533,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BABA. Rosenberg Matthew Hamilton purchased a new position in shares of Alibaba Group in the second quarter valued at $26,000. Mather Group LLC. purchased a new stake in Alibaba Group during the 3rd quarter worth $30,000. NewSquare Capital LLC lifted its holdings in Alibaba Group by 65.0% in the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after buying an additional 130 shares in the last quarter. Elkhorn Partners Limited Partnership boosted its position in Alibaba Group by 33.3% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Finally, Hoey Investments Inc. grew its stake in shares of Alibaba Group by 2,935.7% during the second quarter. Hoey Investments Inc. now owns 425 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BABA. JPMorgan Chase & Co. cut their price target on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Mizuho set a $195.00 target price on Alibaba Group in a research report on Wednesday, October 22nd. Morgan Stanley decreased their price target on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Sanford C. Bernstein cut their price target on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Macquarie reissued an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.68.

View Our Latest Report on BABA

Alibaba Group Stock Performance

BABA stock opened at $165.63 on Friday. The stock’s 50 day simple moving average is $155.99 and its 200 day simple moving average is $147.66. Alibaba Group Holding Limited has a 12-month low of $83.03 and a 12-month high of $192.67. The firm has a market cap of $395.21 billion, a P/E ratio of 22.88, a P/E/G ratio of 3.65 and a beta of 0.37. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23.

Key Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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