1 week Ago By ABMN Staff
SVB Wealth LLC lessened its position in Alibaba Group Holding Limited ( NYSE:BABA – Free Report ) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,587 shares of the specialty retailer’s stock after selling 2,470 shares during the quarter.
SVB Wealth LLC’s holdings in Alibaba Group were worth $1,338,000 at the end of the most recent reporting period. Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc.
bought a new stake in shares of Alibaba Group in the 2nd quarter valued at about $25,000. GPS Wealth Strategies Group LLC raised its stake in shares of Alibaba Group by 139.3% during the 2nd quarter.
GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Alibaba Group during the 1st quarter worth approximately $31,000. EdgeRock Capital LLC bought a new position in shares of Alibaba Group during the 2nd quarter worth approximately $40,000.
Finally, ICA Group Wealth Management LLC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $42,000. Institutional investors own 13.47% of the company’s stock.
Alibaba Group Stock Performance Shares of NYSE BABA opened at $81.18 on Monday. The company’s fifty day moving average price is $78.
89 and its 200 day moving average price is $76.93. Alibaba Group Holding Limited has a 1 year low of $66.
63 and a 1 year high of $91.76. The company has a market capitalization of $205.
99 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 0.42 and a beta of 0.
33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.
41 and a current ratio of 1.41. Analysts Set New Price Targets BABA has been the subject of several recent analyst reports.
Jefferies Financial Group reiterated a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Robert W.
Baird upped their price target on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, August 16th.
Morgan Stanley restated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Loop Capital restated a “buy” rating and set a $115.
00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, Truist Financial cut their price target on shares of Alibaba Group from $110.00 to $100.
00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.
61. Read Our Latest Stock Analysis on Alibaba Group Alibaba Group Company Profile ( Free Report ) 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.
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