Family Legacy Inc. lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 63.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471 shares of the specialty retailer’s stock after selling 2,570 shares during the period. Family Legacy Inc.’s holdings in Alibaba Group were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in BABA. Mosaic Family Wealth LLC boosted its holdings in Alibaba Group by 2.9% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after buying an additional 52 shares during the last quarter. Condor Capital Management boosted its holdings in shares of Alibaba Group by 0.5% during the 2nd quarter. Condor Capital Management now owns 14,606 shares of the specialty retailer’s stock worth $2,058,000 after purchasing an additional 70 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of Alibaba Group by 1.4% during the 2nd quarter. Sandy Spring Bank now owns 5,629 shares of the specialty retailer’s stock worth $793,000 after purchasing an additional 75 shares during the last quarter. Financial Partners Capital Management LLC boosted its holdings in shares of Alibaba Group by 2.2% during the 2nd quarter. Financial Partners Capital Management LLC now owns 4,715 shares of the specialty retailer’s stock worth $664,000 after purchasing an additional 100 shares during the last quarter. Finally, Carret Asset Management LLC boosted its holdings in shares of Alibaba Group by 2.1% during the 2nd quarter. Carret Asset Management LLC now owns 7,244 shares of the specialty retailer’s stock worth $1,021,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Several brokerages have recently weighed in on BABA. Needham & Company LLC boosted their target price on Alibaba Group from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Vetr cut Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $175.06 target price on the stock. in a report on Wednesday, August 16th. Royal Bank of Canada boosted their target price on Alibaba Group from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Bank of America boosted their target price on Alibaba Group from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, KeyCorp set a $182.00 target price on Alibaba Group and gave the stock an “overweight” rating in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $185.14.

Shares of Alibaba Group Holding Limited (BABA) opened at $176.47 on Thursday. The stock has a market capitalization of $447,279.94, a P/E ratio of 50.77, a price-to-earnings-growth ratio of 1.32 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.75.

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Alibaba Group Profile

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

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