Banco Bilbao Vizcaya Argentaria S.A. Sells 133,193 Shares of Alibaba Group Holding Limited $BABA

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 27.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,034 shares of the specialty retailer's stock after selling 133,193 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Alibaba Group were worth $47,706,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. North Ridge Wealth Advisors Inc. bought a new position in shares of Alibaba Group during the first quarter valued at $26,000. Summit Securities Group LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 59,000 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of 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 purchasing an additional 196 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of Alibaba Group during the first quarter valued at $31,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Alibaba Group during the first quarter valued at $31,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $121.41 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $116.23 and a two-hundred day simple moving average of $120.75. The stock has a market cap of $289.54 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.78 and a beta of 0.17. Alibaba Group Holding Limited has a 52 week low of $79.21 and a 52 week high of $148.43.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Benchmark reiterated a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.38.

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.

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