Alibaba Group Holding Limited $BABA Position Lessened by Generali Investments CEE investicni spolecnost a.s.

Key Points

• Generali Investments CEE investicni spolecnost a.s. reduced its position in Alibaba Group by 23.4% during the second quarter, now owning 17,050 shares valued at approximately $1,934,000.
• Analysts have varying sentiments on Alibaba, with Arete upgrading the stock to a "buy" rating and setting a target price of $152.00, while Wall Street Zen downgraded it from a "buy" to a "hold."
• Alibaba Group's stock is currently priced at $178.70 with a twelve-month high of $182.15 and a market cap of $426.03 billion.

Generali Investments CEE investicni spolecnost a.s. trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 23.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,050 shares of the specialty retailer's stock after selling 5,200 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Alibaba Group were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BABA. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group during the first quarter valued at about $26,000. Summit Securities Group LLC raised its holdings in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after buying an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new position in Alibaba Group during the first quarter valued at about $26,000. 1248 Management LLC bought a new position in Alibaba Group during the first quarter valued at about $26,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after buying an additional 196 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BABA. Arete upgraded Alibaba Group from a "neutral" rating to a "buy" rating and set a $152.00 target price on the stock in a report on Wednesday, September 3rd. Barclays raised their target price on Alibaba Group from $145.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Benchmark raised their price target on Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Mizuho raised their price target on Alibaba Group from $149.00 to $159.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and a consensus target price of $176.06.

Alibaba Group Stock Down 0.7%

BABA stock opened at $178.70 on Wednesday. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $182.15. The company has a market cap of $426.03 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.11. The business's 50-day simple moving average is $136.73 and its 200 day simple moving average is $125.16. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19.

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.

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