Mcdonald Partners LLC Has $669,000 Stock Holdings in Alibaba Group Holding Limited $BABA

Mcdonald Partners LLC trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 61.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,744 shares of the specialty retailer’s stock after selling 5,918 shares during the period. Mcdonald Partners LLC’s holdings in Alibaba Group were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in Alibaba Group during the third quarter valued at approximately $30,000. NBT Bank N A NY raised its holdings in shares of Alibaba Group by 231.5% during the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 125 shares in the last quarter. NewSquare Capital LLC grew its stake in Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. Elkhorn Partners Limited Partnership lifted its holdings in shares of Alibaba Group by 33.3% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 400 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in Alibaba Group by 34.4% during the third quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 65 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA stock opened at $135.48 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month high of $192.67. The company’s fifty day moving average price is $158.64 and its two-hundred day moving average price is $158.00. The firm has a market capitalization of $323.45 billion, a P/E ratio of 18.71, a P/E/G ratio of 3.12 and a beta of 0.43.

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Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. Morgan Stanley lowered their price target on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Arete Research upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, January 21st. Sanford C. Bernstein cut their price objective on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Freedom Capital downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Barclays increased their target price 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. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $195.17.

Check Out Our Latest Stock Report on Alibaba Group

Alibaba Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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