Cantor Fitzgerald L. P. cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 97.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,140 shares of the specialty retailer's stock after selling 996,020 shares during the quarter. Cantor Fitzgerald L. P.'s holdings in Alibaba Group were worth $4,315,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Traphagen Investment Advisors LLC grew its stake in Alibaba Group by 2.0% during the 3rd quarter. Traphagen Investment Advisors LLC now owns 3,018 shares of the specialty retailer's stock worth $539,000 after buying an additional 59 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in Alibaba Group by 26.4% in the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer's stock valued at $54,000 after buying an additional 63 shares during the last quarter. Bluesphere Advisors LLC boosted its holdings in shares of Alibaba Group by 2.2% during the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer's stock valued at $540,000 after acquiring an additional 64 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of Alibaba Group by 34.4% during the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 65 shares during the period. Finally, Transcend Capital Advisors LLC grew its position in shares of Alibaba Group by 1.0% during the third quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer's stock worth $1,191,000 after acquiring an additional 66 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Alibaba Group
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Alibaba Group Stock Performance
BABA stock opened at $135.25 on Friday. The company has a 50-day simple moving average of $156.08 and a 200 day simple moving average of $158.43. The company has a market capitalization of $322.90 billion, a P/E ratio of 18.68, a PEG ratio of 2.96 and a beta of 0.43. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a fifty-two week low of $95.73 and a fifty-two week high of $192.67.
Analysts Set New Price Targets
Several brokerages recently weighed in on BABA. Barclays lifted their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, November 26th. Jefferies Financial Group decreased their target price on shares of Alibaba Group from $231.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, January 8th. Weiss Ratings lowered shares of Alibaba Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. Macquarie Infrastructure reiterated an "outperform" rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Finally, Benchmark reissued a "buy" rating and issued a $195.00 price objective on shares of Alibaba Group in a report on Tuesday, November 25th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.17.
View Our Latest Stock Report on Alibaba Group
Alibaba Group Profile
(
Free Report)
Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.
The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.
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