Alibaba Group Holding Limited $BABA Shares Sold by Nkcfo LLC

Nkcfo LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 46.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,800 shares of the specialty retailer’s stock after selling 8,500 shares during the quarter. Nkcfo LLC’s holdings in Alibaba Group were worth $1,111,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. 1248 Management LLC purchased a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC increased its position in shares of Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Alibaba Group during the first quarter worth approximately $26,000. Rosenberg Matthew Hamilton acquired a new position in Alibaba Group in the 2nd quarter valued at $26,000. Finally, Stone House Investment Management LLC purchased a new position in Alibaba Group in the 1st quarter valued at $34,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BABA has been the subject of a number of research reports. Nomura upped their target price on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Jefferies Financial Group increased their price objective on shares of Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, September 29th. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Rosenblatt Securities set a $195.00 price target on Alibaba Group in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.89.

Alibaba Group Stock Performance

NYSE BABA opened at $158.38 on Friday. The stock has a fifty day simple moving average of $167.26 and a 200-day simple moving average of $139.94. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock has a market cap of $377.91 billion, a PE ratio of 21.88, a P/E/G ratio of 2.42 and a beta of 0.33. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $192.67.

About Alibaba Group

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.