WCM Investment Management CA trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,122 shares of the specialty retailer’s stock after selling 2,342 shares during the quarter. WCM Investment Management CA’s holdings in Alibaba Group were worth $8,815,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of BABA. First Eagle Investment Management LLC bought a new stake in Alibaba Group in the third quarter valued at $104,000. Lenox Wealth Advisors Inc. boosted its holdings in Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 580 shares in the last quarter. Lorber David A bought a new stake in Alibaba Group in the third quarter valued at $109,000. Highlander Capital Management LLC boosted its holdings in Alibaba Group by 478.0% in the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 717 shares in the last quarter. Finally, Private Ocean LLC boosted its holdings in Alibaba Group by 100.0% in the third quarter. Private Ocean LLC now owns 1,000 shares of the specialty retailer’s stock valued at $172,000 after acquiring an additional 500 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors.
Alibaba Group Holding Ltd (NYSE:BABA) opened at $176.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $460,220.00, a PE ratio of 43.20, a PEG ratio of 1.41 and a beta of 2.58. Alibaba Group Holding Ltd has a 52-week low of $100.11 and a 52-week high of $206.20.
Several analysts recently weighed in on BABA shares. Zacks Investment Research cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Sanford C. Bernstein restated an “outperform” rating and set a $230.00 target price (up previously from $205.00) on shares of Alibaba Group in a report on Monday, February 5th. Vetr upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price on the stock in a report on Monday, October 16th. Robert W. Baird boosted their target price on shares of Alibaba Group to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Oppenheimer restated a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and an average price target of $211.40.
About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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