Alibaba Group Holding Ltd (BABA) Position Decreased by Geneva Advisors LLC

Alibaba Group Holding Ltd (BABA) Position Decreased by Geneva Advisors LLC

Geneva Advisors LLC decreased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.6% during the first quarter, Holdings Channel reports. The fund owned 56,834 shares of the specialty retailer’s stock after selling 937 shares during the period. Geneva Advisors LLC’s holdings in Alibaba Group Holding were worth $6,128,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BABA. Price T Rowe Associates Inc. MD raised its position in shares of Alibaba Group Holding by 102.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 31,179,716 shares of the specialty retailer’s stock valued at $3,298,502,000 after buying an additional 15,751,926 shares during the period. Jennison Associates LLC raised its position in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the specialty retailer’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares during the period. Winslow Capital Management LLC bought a new position in shares of Alibaba Group Holding during the third quarter valued at approximately $306,589,000. Capital Research Global Investors raised its position in shares of Alibaba Group Holding by 7.3% in the third quarter. Capital Research Global Investors now owns 38,759,360 shares of the specialty retailer’s stock valued at $4,100,353,000 after buying an additional 2,637,869 shares during the period. Finally, Third Point LLC bought a new position in shares of Alibaba Group Holding during the third quarter valued at approximately $275,054,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Ltd (NYSE:BABA) traded up 0.16% on Friday, hitting $116.04. 7,099,447 shares of the stock were exchanged. The stock has a market cap of $288.36 billion, a PE ratio of 53.38 and a beta of 2.73. Alibaba Group Holding Ltd has a 1-year low of $73.30 and a 1-year high of $118.69. The company’s 50 day moving average is $110.99 and its 200 day moving average is $100.89.

BABA has been the subject of several research analyst reports. Vetr raised shares of Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $106.95 price target for the company in a research report on Monday, January 9th. Standpoint Research raised shares of Alibaba Group Holding from a “hold” rating to an “accumulate” rating and set a $113.00 price target for the company in a research report on Monday, January 9th. Sanford C. Bernstein initiated coverage on shares of Alibaba Group Holding in a research report on Wednesday, January 11th. They set an “outperform” rating and a $117.00 price target for the company. HSBC Holdings plc reaffirmed a “buy” rating and set a $120.00 price target on shares of Alibaba Group Holding in a research report on Thursday, January 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $115.00 price target on shares of Alibaba Group Holding in a research report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group Holding has an average rating of “Buy” and a consensus target price of $124.82.

About Alibaba Group Holding

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.

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 Ltd (NYSE:BABA).

Related posts

Leave a Comment