Bfsg LLC Has $182,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Bfsg LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,144 shares of the specialty retailer’s stock after selling 520 shares during the period. Bfsg LLC’s holdings in Alibaba Group were worth $182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TRUE Private Wealth Advisors lifted its position in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 124 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 134 shares during the last quarter. Finally, Wynn Capital LLC lifted its position in shares of Alibaba Group by 1.0% during the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BABA shares. Barclays cut their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.86.

Alibaba Group Trading Up 2.0 %

BABA stock opened at $127.18 on Wednesday. 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 P/E ratio of 25.80, a P/E/G ratio of 0.42 and a beta of 0.31. The business’s 50 day moving average is $92.64 and its 200-day moving average is $91.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

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.