Alibaba Group Holding Ltd (BABA) Holdings Reduced by Sigma Planning Corp

Sigma Planning Corp reduced its position in Alibaba Group Holding Ltd (NYSE:BABA) by 15.6% during the 1st quarter, HoldingsChannel reports. The firm owned 10,235 shares of the specialty retailer’s stock after selling 1,885 shares during the quarter. Sigma Planning Corp’s holdings in Alibaba Group were worth $1,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. BlackRock Inc. lifted its position in Alibaba Group by 7.4% during the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after acquiring an additional 4,674,615 shares in the last quarter. Baillie Gifford & Co. lifted its position in Alibaba Group by 3.6% during the 1st quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after acquiring an additional 1,716,763 shares in the last quarter. Vanguard Group Inc lifted its position in Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares in the last quarter. Boussard & Gavaudan Investment Management LLP lifted its position in Alibaba Group by 10.4% during the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 13,975,558 shares of the specialty retailer’s stock worth $1,963,461,000 after acquiring an additional 1,320,000 shares in the last quarter. Finally, Norges Bank acquired a new position in Alibaba Group during the 4th quarter worth approximately $1,734,020,000. 40.39% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on BABA. Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Barclays boosted their price target on Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. KeyCorp reissued an “overweight” rating and set a $240.00 price target (up from $210.00) on shares of Alibaba Group in a research report on Tuesday. Robert W. Baird boosted their price target on Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Finally, Nomura reissued a “buy” rating and set a $205.00 price target (up from $200.00) on shares of Alibaba Group in a research report on Thursday, January 31st. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $212.69.

Shares of BABA opened at $179.04 on Friday. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The company has a market capitalization of $499.96 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 1.64 and a beta of 2.27. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Further Reading: P/E Growth (PEG)

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

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