Csenge Advisory Group Sells 1,774 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Csenge Advisory Group reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 25.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,124 shares of the specialty retailer’s stock after selling 1,774 shares during the quarter. Csenge Advisory Group’s holdings in Alibaba Group were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its position in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after acquiring an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after purchasing an additional 42,446 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Alibaba Group during the third quarter valued at about $115,995,000. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BABA. Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. StockNews.com downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

Alibaba Group Stock Performance

NYSE:BABA opened at $127.18 on Wednesday. The company has a market capitalization of $302.53 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.42 and a beta of 0.31. The business has a 50 day moving average of $91.90 and a 200 day moving average of $91.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $129.02.

Alibaba Group Company 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.