Alibaba Group Holding Limited $BABA Stake Lowered by Interchange Capital Partners LLC

Interchange Capital Partners LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 39.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,498 shares of the specialty retailer’s stock after selling 1,624 shares during the period. Interchange Capital Partners LLC’s holdings in Alibaba Group were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BABA. North Ridge Wealth Advisors Inc. purchased a new position in shares of Alibaba Group during the 1st quarter valued at $26,000. Summit Securities Group LLC lifted its stake in shares of Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Alibaba Group in the 1st quarter valued at $26,000. 1248 Management LLC acquired a new stake in shares of Alibaba Group in the 1st quarter valued at $26,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in shares of Alibaba Group in the 2nd quarter valued at $26,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Jefferies Financial Group lifted their price objective on shares of Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Mizuho set a $195.00 price objective on shares of Alibaba Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. One 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 MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Stock Up 1.5%

Alibaba Group stock opened at $174.49 on Monday. The firm has a market cap of $416.34 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.33 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm has a fifty day moving average price of $155.80 and a two-hundred day moving average price of $130.92.

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.