Cooper Financial Group Has $792,000 Stock Holdings in Alibaba Group Holding Limited $BABA

Key Points

• Cooper Financial Group reduced its stake in Alibaba Group Holding Limited by 36.8% during the second quarter, now holding 6,986 shares valued at approximately $792,000.
• Multiple institutional investors, including Union Bancaire Privee UBP SA, significantly increased their holdings in Alibaba during the same period, indicating a diverse interest among large investors.
• Analysts maintain a generally positive outlook on Alibaba, with consensus ratings categorized as "Buy" and target prices averaging around $180.75, reflecting confidence in the company's growth potential.

Cooper Financial Group trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 36.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,986 shares of the specialty retailer's stock after selling 4,070 shares during the quarter. Cooper Financial Group's holdings in Alibaba Group were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA grew its holdings in Alibaba Group by 355.2% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 162,959 shares of the specialty retailer's stock valued at $17,941,000 after buying an additional 127,161 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Alibaba Group by 35.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 69,245 shares of the specialty retailer's stock valued at $7,853,000 after buying an additional 18,012 shares in the last quarter. GC Wealth Management RIA LLC acquired a new position in Alibaba Group in the 2nd quarter valued at $841,000. Clay Northam Wealth Management LLC grew its holdings in Alibaba Group by 5.2% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 5,019 shares of the specialty retailer's stock valued at $569,000 after buying an additional 250 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its holdings in Alibaba Group by 12.0% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 30,432 shares of the specialty retailer's stock valued at $3,451,000 after buying an additional 3,255 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of BABA stock opened at $182.70 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a market cap of $435.57 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.06 and a beta of 0.18. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $183.08. The business has a fifty day simple moving average of $137.93 and a 200 day simple moving average of $125.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BABA shares. Citigroup reiterated a "buy" rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Sanford C. Bernstein reiterated an "outperform" rating and set a $160.00 target price on shares of Alibaba Group in a research report on Saturday, August 30th. Zacks Research upgraded Alibaba Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 9th. UBS Group reiterated a "buy" rating and set a $162.00 target price on shares of Alibaba Group in a research report on Sunday, August 31st. Finally, Benchmark upped their target price on Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and a consensus price target of $180.75.

Alibaba Group 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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