Nations Financial Group Inc. IA ADV Has $1.56 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Nations Financial Group Inc. IA ADV decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 36.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,378 shares of the specialty retailer's stock after selling 10,338 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Alibaba Group were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners boosted its position in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Alibaba Group during the fourth quarter worth about $31,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group in the third quarter valued at about $36,000. Assetmark Inc. increased its holdings in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday. Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Mizuho raised their price objective 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. Benchmark reaffirmed a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Finally, StockNews.com downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average target price of $116.93.

Alibaba Group Stock Performance

Shares of NYSE BABA traded down $1.33 during mid-day trading on Wednesday, reaching $125.57. 33,957,857 shares of the company were exchanged, compared to its average volume of 26,089,027. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $129.02. The stock has a market capitalization of $298.36 billion, a P/E ratio of 25.47, a P/E/G ratio of 0.53 and a beta of 0.31. The company's 50-day simple moving average is $92.64 and its 200-day simple moving average is $91.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

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.