Argonautica Private Wealth Management Inc. Sells 117 Shares of Alibaba Group Holding Limited $BABA

Argonautica Private Wealth Management Inc. lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,903 shares of the specialty retailer’s stock after selling 117 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Alibaba Group were worth $556,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group during the 1st quarter worth $26,000. Summit Securities Group LLC grew its holdings in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new stake in Alibaba Group during the 1st quarter worth $26,000. 1248 Management LLC acquired a new stake in Alibaba Group during the 1st quarter worth $26,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in Alibaba Group during the 2nd quarter worth $26,000. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a report on Wednesday, September 24th. UBS Group reaffirmed a “buy” rating and set a $162.00 target price on shares of Alibaba Group in a report on Sunday, August 31st. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 target price for the company in a report on Wednesday, September 3rd. Finally, CLSA lifted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $188.06.

Alibaba Group Price Performance

Shares of BABA stock opened at $166.77 on Wednesday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The firm has a market capitalization of $397.60 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.32 and a beta of 0.18. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $152.97 and a 200-day moving average of $129.30.

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.