Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lowered by Whittier Trust Co.

Posted by Defense World Staff on Apr 8th, 2023

Whittier Trust Co. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Get Rating) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,068 shares of the specialty retailer’s stock after selling 950 shares during the period. Whittier Trust Co.’s holdings in Alibaba Group were worth $270,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. AFS Financial Group LLC acquired a new stake in Alibaba Group in the fourth quarter worth about $693,000. Osborne Partners Capital Management LLC lifted its holdings in Alibaba Group by 9.9% in the fourth quarter. Osborne Partners Capital Management LLC now owns 58,677 shares of the specialty retailer’s stock worth $5,169,000 after purchasing an additional 5,298 shares during the period. Park Avenue Securities LLC lifted its holdings in Alibaba Group by 17.4% in the fourth quarter. Park Avenue Securities LLC now owns 8,563 shares of the specialty retailer’s stock worth $754,000 after purchasing an additional 1,269 shares during the period. Sargent Bickham Lagudis LLC lifted its holdings in Alibaba Group by 20.9% in the fourth quarter. Sargent Bickham Lagudis LLC now owns 624 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 108 shares during the period. Finally, QV Investors Inc. lifted its holdings in Alibaba Group by 44.2% in the fourth quarter. QV Investors Inc. now owns 49,247 shares of the specialty retailer’s stock worth $4,338,000 after purchasing an additional 15,090 shares during the period. Institutional investors own 13.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BABA. Morgan Stanley upped their price objective on shares of Alibaba Group from $100.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, January 9th. HSBC upped their price target on shares of Alibaba Group from $138.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday. Susquehanna cut their price target on shares of Alibaba Group from $185.00 to $175.00 and set a “positive” rating for the company in a report on Tuesday, February 28th. Mizuho reissued a “buy” rating and issued a $155.00 price target on shares of Alibaba Group in a report on Wednesday, March 29th. Finally, Citigroup upped their price target on shares of Alibaba Group from $144.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, January 10th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $149.40.

Alibaba Group Price Performance

Shares of BABA opened at $102.74 on Friday. The company has a market capitalization of $272.07 billion, a price-to-earnings ratio of 56.45, a P/E/G ratio of 1.17 and a beta of 0.66. Alibaba Group Holding Limited has a fifty-two week low of $58.01 and a fifty-two week high of $125.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.74. The business’s 50-day moving average is $95.44 and its 200-day moving average is $89.40.

Alibaba Group Profile

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Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.