Bfsg LLC Sells 520 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Bfsg LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,144 shares of the specialty retailer’s stock after selling 520 shares during the period. Bfsg LLC’s holdings in Alibaba Group were worth $182,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Concord Wealth Partners grew its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter worth $36,000. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the 4th quarter worth $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the 4th quarter worth $32,000. Finally, Assetmark Inc. lifted its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

BABA stock opened at $127.18 on Wednesday. The business’s 50-day moving average price is $92.64 and its two-hundred day moving average price is $91.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $302.53 billion, a PE ratio of 25.80, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $129.02.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Robert W. Baird upped their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.86.

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.