Edmond DE Rothschild Holding S.A. Lowers Stock Holdings in Alibaba Group Holding Limited $BABA

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Alibaba Group by 8.1% in Q1, selling 59,200 shares and now holding 668,122 shares, valued at approximately $88.3 million.
• Several analysts rated Alibaba Group with a consensus target price of $163.53, indicating a generally positive outlook with multiple "buy" ratings.
• Alibaba's shares traded at $136.44 and have shown a significant range, with a 52-week low of $80.06 and a high of $148.43.

Edmond DE Rothschild Holding S.A. decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 8.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 668,122 shares of the specialty retailer's stock after selling 59,200 shares during the period. Alibaba Group comprises approximately 1.6% of Edmond DE Rothschild Holding S.A.'s investment portfolio, making the stock its 12th biggest holding. Edmond DE Rothschild Holding S.A.'s holdings in Alibaba Group were worth $88,346,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after purchasing an additional 4,246,564 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Alibaba Group by 43.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares in the last quarter. Trivest Advisors Ltd acquired a new position in shares of Alibaba Group during the first quarter worth $295,270,000. Finally, Axiom Investors LLC DE acquired a new position in shares of Alibaba Group during the first quarter worth $276,909,000. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark upped their price target on Alibaba Group from $176.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday. Robert W. Baird upped their target price on Alibaba Group from $142.00 to $153.00 and gave the company an "outperform" rating in a research report on Tuesday. Jefferies Financial Group set a $165.00 target price on Alibaba Group and gave the company a "buy" rating in a research report on Friday, August 29th. Arete Research raised Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and an average price target of $163.53.

Alibaba Group Price Performance

Shares of BABA stock traded up $4.57 during mid-day trading on Friday, hitting $135.49. 19,166,179 shares of the stock were exchanged, compared to its average volume of 17,007,000. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company has a market cap of $323.03 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.83 and a beta of 0.11. The firm has a fifty day moving average of $119.59 and a 200 day moving average of $122.11.

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.