Yousif Capital Management LLC Lowers Position in Alibaba Group Holding Limited $BABA

Key Points

• Yousif Capital Management LLC has reduced its stake in Alibaba Group by 44.8%, now holding 21,401 shares worth approximately $2.43 million.
• Analysts have positively revised their ratings for Alibaba, with firms like Arete Research upgrading the stock to a "strong-buy" and Benchmark increasing the price target from $176 to $195.
• Alibaba Group's stock opened at $167.03 with a market capitalization of $398.21 billion, and it has shown notable volatility, having a 12-month low of $80.06 and a high of $192.67.

Yousif Capital Management LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,401 shares of the specialty retailer's stock after selling 17,335 shares during the quarter. Yousif Capital Management LLC's holdings in Alibaba Group were worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC lifted its stake in shares of Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after purchasing an additional 82 shares during the period. Greenleaf Trust boosted its position in shares of Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock worth $1,102,000 after purchasing an additional 85 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after purchasing an additional 89 shares in the last quarter. CWM LLC boosted its position in shares of Alibaba Group by 0.8% in the 2nd quarter. CWM LLC now owns 12,029 shares of the specialty retailer's stock worth $1,364,000 after purchasing an additional 92 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its position in shares of Alibaba Group by 1.1% in the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BABA shares. Arete Research raised Alibaba Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. UBS Group reissued a "buy" rating and issued a $162.00 price target on shares of Alibaba Group in a research report on Sunday, August 31st. Erste Group Bank raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Citigroup reissued a "buy" rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Finally, Benchmark boosted 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, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average price target of $188.06.

Alibaba Group Stock Performance

BABA stock opened at $167.03 on Friday. The stock has a market capitalization of $398.21 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.18. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock's 50 day simple moving average is $150.98 and its 200 day simple moving average is $128.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.