Laidlaw Wealth Management LLC Has $898,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Laidlaw Wealth Management LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,585 shares of the specialty retailer’s stock after selling 279 shares during the period. Laidlaw Wealth Management LLC’s holdings in Alibaba Group were worth $898,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BABA. Sanders Capital LLC raised its holdings in Alibaba Group by 0.3% in the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after purchasing an additional 60,667 shares during the period. Hhlr Advisors LTD. raised its holdings in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the period. Assenagon Asset Management S.A. raised its holdings in Alibaba Group by 1,392.6% in the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after purchasing an additional 5,715,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the period. Finally, FMR LLC raised its holdings in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $115.86.

Alibaba Group Stock Up 2.0 %

Shares of BABA stock opened at $127.18 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $129.02. The firm’s fifty day moving average price is $92.64 and its two-hundred day moving average price is $91.88. The firm has a market capitalization of $302.53 billion, a P/E ratio of 25.80, a PEG ratio of 0.42 and a beta of 0.31.

About Alibaba Group

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.