Signaturefd LLC Has $3.50 Million Stock Position in Alibaba Group Holding Limited $BABA

Key Points

• Signaturefd LLC cut its Alibaba stake by 24.5% in Q3, selling 6,357 shares and finishing the period with 19,564 shares valued at about $3.50 million.
• Alibaba stock traded near $155.70 (12‑month range $80.06–$192.67) with a market cap of roughly $371.5 billion, and analysts show a "Moderate Buy" consensus with an average price target of about $194 (17 Buys, 2 Holds, 1 Sell).

Signaturefd LLC cut its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 24.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,564 shares of the specialty retailer's stock after selling 6,357 shares during the quarter. Signaturefd LLC's holdings in Alibaba Group were worth $3,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Traphagen Investment Advisors LLC raised 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 valued at $539,000 after purchasing an additional 59 shares during the last quarter. Cary Street Partners Financial LLC grew its position in Alibaba Group by 1.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 4,757 shares of the specialty retailer's stock worth $539,000 after purchasing an additional 83 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Alibaba Group by 2.1% during the 2nd quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer's stock worth $480,000 after purchasing an additional 88 shares during the period. CWM LLC raised its position in shares of Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer's stock valued at $1,364,000 after buying an additional 92 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Alibaba Group by 1.0% in the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer's stock valued at $1,109,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 6.2%

Shares of NYSE BABA opened at $155.70 on Friday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The firm's 50-day simple moving average is $158.22 and its 200 day simple moving average is $144.47. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The company has a market cap of $371.53 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33.

Analysts Set New Price Targets

BABA has been the topic of several analyst reports. Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a research note on Wednesday, November 26th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $172.00 price objective for the company. in a research note on Tuesday, December 9th. Bank of America boosted their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Susquehanna upped their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a "positive" rating in a report on Thursday, September 18th. Finally, Arete Research set a $172.00 target price on shares of Alibaba Group in a research report on Tuesday, December 9th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and an average price target of $194.00.

Alibaba Group Company Profile

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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