IFG Advisory LLC Decreases Holdings in Alibaba Group Holding Limited $BABA

IFG Advisory LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 81.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,022 shares of the specialty retailer’s stock after selling 13,318 shares during the quarter. IFG Advisory LLC’s holdings in Alibaba Group were worth $343,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Alibaba Group by 248.5% in the first quarter. D.A. Davidson & CO. now owns 13,763 shares of the specialty retailer’s stock valued at $1,820,000 after acquiring an additional 9,814 shares in the last quarter. World Investment Advisors boosted its holdings in Alibaba Group by 6.7% in the first quarter. World Investment Advisors now owns 11,379 shares of the specialty retailer’s stock valued at $1,505,000 after acquiring an additional 719 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Alibaba Group by 56.9% in the first quarter. Bank of New York Mellon Corp now owns 270,984 shares of the specialty retailer’s stock valued at $35,832,000 after acquiring an additional 98,236 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in Alibaba Group by 41.7% in the first quarter. HM Payson & Co. now owns 340 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA opened at $167.60 on Tuesday. The stock has a 50-day moving average price of $162.23 and a 200-day moving average price of $133.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $399.90 billion, a PE ratio of 19.49, a P/E/G ratio of 2.40 and a beta of 0.18. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BABA shares. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Susquehanna boosted their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, September 18th. Mizuho set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, October 22nd. CLSA boosted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Company 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.