Employees Retirement System of Texas decreased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 368,900 shares of the specialty retailer’s stock after selling 17,300 shares during the period. Alibaba Group comprises about 0.8% of Employees Retirement System of Texas’ portfolio, making the stock its 15th largest position. Employees Retirement System of Texas’ holdings in Alibaba Group were worth $63,609,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of BABA. MUFG Americas Holdings Corp acquired a new stake in Alibaba Group during the 4th quarter worth about $101,000. First Eagle Investment Management LLC acquired a new stake in Alibaba Group during the 3rd quarter worth about $104,000. Lenox Wealth Advisors Inc. lifted its position in Alibaba Group by 2,636.4% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 580 shares during the period. Trustcore Financial Services LLC acquired a new stake in Alibaba Group during the 4th quarter worth about $107,000. Finally, Lorber David A acquired a new stake in Alibaba Group during the 3rd quarter worth about $109,000. 38.13% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Holding Ltd (NYSE:BABA) opened at $183.68 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29. Alibaba Group Holding Ltd has a 52 week low of $100.30 and a 52 week high of $206.20. The firm has a market capitalization of $470,430.00, a PE ratio of 45.24, a P/E/G ratio of 1.49 and a beta of 2.58.
A number of brokerages have commented on BABA. Vetr cut Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $208.51 price target for the company. in a research report on Wednesday, February 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $230.00 price target (up previously from $205.00) on shares of Alibaba Group in a research report on Monday, February 5th. Raymond James Financial lifted their price target on Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. MKM Partners lifted their price target on Alibaba Group to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank lifted their price target on Alibaba Group to $218.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and an average price target of $211.15.
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Alibaba Group Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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