Csenge Advisory Group Sells 1,774 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Csenge Advisory Group cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,124 shares of the specialty retailer’s stock after selling 1,774 shares during the quarter. Csenge Advisory Group’s holdings in Alibaba Group were worth $434,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BABA. AMF Tjanstepension AB grew its stake in shares of Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after buying an additional 178,999 shares during the period. Global Retirement Partners LLC grew its stake in Alibaba Group by 66.6% in the third quarter. Global Retirement Partners LLC now owns 3,978 shares of the specialty retailer’s stock valued at $422,000 after acquiring an additional 1,590 shares during the period. Stratos Wealth Advisors LLC grew its stake in Alibaba Group by 8.6% in the third quarter. Stratos Wealth Advisors LLC now owns 3,360 shares of the specialty retailer’s stock valued at $357,000 after acquiring an additional 266 shares during the period. Raymond James & Associates increased its holdings in shares of Alibaba Group by 2.3% during the third quarter. Raymond James & Associates now owns 403,766 shares of the specialty retailer’s stock valued at $42,848,000 after acquiring an additional 9,020 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Alibaba Group by 11.4% during the third quarter. Foundations Investment Advisors LLC now owns 128,352 shares of the specialty retailer’s stock worth $13,621,000 after purchasing an additional 13,168 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $127.18 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $91.90 and a two-hundred day simple moving average of $91.53. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $129.02. The firm has a market cap of $302.53 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BABA shares. StockNews.com downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Mizuho upped their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.86.

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.