Alibaba Group Holding Limited $BABA Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,844 shares of the specialty retailer’s stock after selling 8,807 shares during the period. Natixis Advisors LLC’s holdings in Alibaba Group were worth $44,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BABA. Ameriflex Group Inc. lifted its stake in Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares during the last quarter. Mather Group LLC. acquired a new position in Alibaba Group in the third quarter worth approximately $30,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group in the third quarter valued at $30,000. NBT Bank N A NY lifted its position in shares of Alibaba Group by 231.5% during the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership lifted its position in shares of Alibaba Group by 33.3% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Key Headlines Impacting Alibaba Group

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Freedom Capital cut Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Erste Group Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price target on Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Loop Capital set a $140.00 price target on Alibaba Group in a research note on Tuesday, January 6th. Finally, Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a report on Wednesday, November 26th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.17.

Read Our Latest Analysis on Alibaba Group

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $132.74 on Tuesday. The company’s fifty day moving average is $157.16 and its two-hundred day moving average is $158.33. The company has a market cap of $316.90 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. 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 Company 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.

Recommended Stories

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.