Virtus Family Office LLC Has $5.09 Million Stock Holdings in Alibaba Group Holding Limited $BABA

Virtus Family Office LLC trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,449 shares of the specialty retailer’s stock after selling 7,001 shares during the period. Alibaba Group comprises approximately 4.8% of Virtus Family Office LLC’s investment portfolio, making the stock its 5th biggest position. Virtus Family Office LLC’s holdings in Alibaba Group were worth $5,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC raised its position in shares of Alibaba Group by 3.9% during the third quarter. Capital Investment Advisory Services LLC now owns 3,755 shares of the specialty retailer’s stock worth $671,000 after acquiring an additional 141 shares during the last quarter. Guinness Asset Management LTD lifted its position in shares of Alibaba Group by 20.8% in the 3rd quarter. Guinness Asset Management LTD now owns 680 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 117 shares during the period. LFA Lugano Financial Advisors SA increased its position in shares of Alibaba Group by 31.3% during the third quarter. LFA Lugano Financial Advisors SA now owns 348 shares of the specialty retailer’s stock worth $62,000 after buying an additional 83 shares during the period. Sentry Investment Management LLC bought a new position in Alibaba Group during the third quarter worth $58,000. Finally, Flagship Harbor Advisors LLC lifted its holdings in Alibaba Group by 1.7% in the third quarter. Flagship Harbor Advisors LLC now owns 19,598 shares of the specialty retailer’s stock valued at $3,503,000 after buying an additional 337 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Loop Capital set a $140.00 price objective on Alibaba Group in a research report on Tuesday, January 6th. Sanford C. Bernstein reduced their price objective on shares of Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Citigroup lifted their price objective on shares of Alibaba Group from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Rosenblatt Securities set a $195.00 price objective on shares of Alibaba Group in a research report on Wednesday, November 26th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $195.17.

Alibaba Group Stock Up 2.2%

Shares of Alibaba Group stock traded up $3.47 on Friday, hitting $161.23. The company had a trading volume of 1,320,776 shares, compared to its average volume of 13,988,442. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a 50 day moving average of $158.89 and a 200-day moving average of $153.26. The stock has a market capitalization of $384.91 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 3.47 and a beta of 0.39.

Alibaba Group 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.