Biglari Sardar Sells 23,250 Shares of Alibaba Group Holding Limited $BABA

Biglari Sardar cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 75.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,750 shares of the specialty retailer’s stock after selling 23,250 shares during the period. Alibaba Group comprises about 1.9% of Biglari Sardar’s holdings, making the stock its 9th largest holding. Biglari Sardar’s holdings in Alibaba Group were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after buying an additional 981 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Alibaba Group in the first quarter worth approximately $1,840,000. Benjamin Edwards Inc. lifted its stake in Alibaba Group by 17.2% in the first quarter. Benjamin Edwards Inc. now owns 5,467 shares of the specialty retailer’s stock worth $723,000 after acquiring an additional 802 shares during the last quarter. Callan Family Office LLC acquired a new position in Alibaba Group during the 1st quarter worth approximately $304,000. Finally, Prudential PLC increased its position in shares of Alibaba Group by 118.5% in the 1st quarter. Prudential PLC now owns 18,228 shares of the specialty retailer’s stock valued at $2,410,000 after purchasing an additional 9,885 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.9%

BABA opened at $155.56 on Friday. Alibaba Group Holding Limited has a one year low of $80.06 and a one 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 market capitalization of $371.18 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.41 and a beta of 0.33. The business’s 50-day simple moving average is $164.60 and its 200-day simple moving average is $141.15.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BABA shares. Barclays lifted their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Mizuho set a $195.00 price target on Alibaba Group in a report on Wednesday, October 22nd. Nomura upped their price objective on Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Sanford C. Bernstein decreased their target price on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $194.00.

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.