<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/alibaba-group-holding-limited-logo-1200x675.png/query-dj0yMDIyMTAyMDE0MzMyOQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/alibaba-group-holding-limited-logo-1200x675.png/query-dj0yMDIyMTAyMDE0MzMyOQ"/>Cohen Capital Management Inc. cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 40.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,958 shares of the specialty retailer's stock after selling 11,450 shares during the period. Cohen Capital Management Inc.'s holdings in Alibaba Group were worth $1,314,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><ul><li>Amazon Stock Insights &amp; Analysis for 2024 </li></ul><p>Other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new position in shares of Alibaba Group during the 3rd quarter valued at about $26,000. Baystate Wealth Management LLC grew its holdings in Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer's stock valued at $26,000 after buying an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer's stock valued at $28,000 after buying an additional 175 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Alibaba Group in the 3rd quarter valued at approximately $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at approximately $31,000. 13.47% of the stock is owned by hedge funds and other institutional investors. </p><h2>Alibaba Group Price Performance</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MjM2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MjM2"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2062push_chart-1905224_640.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="200" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2062push_chart-1905224_640.jpg"/></p></div><div><p><b>Ad </b> The TradingPub</p><p>At first glance, this chart looks like nonsense…</p><p>We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”</p><p>But if you want the stock with “Hotspot Dates” hitting NEXT WEEK…</p></div></div></div><p>Shares of Alibaba Group stock traded up $1.61 during midday trading on Monday, hitting $70.68. 14,990,940 shares of the company were exchanged, compared to its average volume of 18,167,426. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market cap of $179.35 billion, a P/E ratio of 13.04 and a beta of 0.47. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50. The firm has a 50 day simple moving average of $73.09 and a 200-day simple moving average of $75.67. </p><ul><li>Alibaba Stock Analysis: Insights, Trends, and Future Predictions</li></ul><p>Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter last year, the business earned $2.44 EPS. Alibaba Group's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year. </p><h2>Analysts Set New Price Targets</h2><p>A number of analysts have issued reports on BABA shares. Macquarie lowered Alibaba Group from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and lowered their target price for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Benchmark reaffirmed a &#34;buy&#34; rating and issued a $118.00 target price on shares of Alibaba Group in a report on Wednesday, April 10th. Susquehanna lowered their target price on Alibaba Group from $150.00 to $135.00 and set a &#34;positive&#34; rating on the stock in a report on Thursday, February 8th. Citigroup lowered their target price on Alibaba Group from $126.00 to $124.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, April 10th. Finally, StockNews.com upgraded Alibaba Group from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $112.91.</p><ul><li>Tencent Is Looking to Fill Nvidia’s Gap in China’s Chip Market</li></ul><p><b>Check Out Our Latest Research Report on BABA</b></p><h2>About Alibaba Group</h2><p> (Free Report)</p><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>It’s Time to Buy Into the Super Micro Computer Stock Implosion</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>Merger or Not, Albertson’s Companies is a Good Buy</li><li>Financial Services Stocks Investing</li><li>3 Cheap Stocks That Shouldn’t Be So</li></ul><p><strong>Want to see what other hedge funds are holding BABA?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Thousands of investors use this no cost solution | Do you?  <span><span><span>(From Insider Financial)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTM2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTM2"/></span></p><h2>Should you invest $1,000 in Alibaba Group right now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.</p><p>While Alibaba Group currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20240219132501_reportpreview2024-02-cover-these-7-stocks-will-be-.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20240219132501_reportpreview2024-02-cover-these-7-stocks-will-be-.png"/></p></div><div><div><p>These 7 Stocks Will Be Magnificent in 2024</p><p>With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.</p><p>Get This Free Report</p></div></div></div></div> </div></div>

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NVDA

09988

89988

BABA

<p>Cohen Capital Management Inc. decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 40.3% in the fourth quarter. Other institutional investors also made changes to their positions in the company. Alibaba Group's stock traded up $1.61 during midday trading on Monday, hitting $70.68. The company has a market cap of $179.35 billion. Analysts have issued reports on BABA shares, with an average target price of $112.91. Tencent is looking to fill Nvidia's gap in China's chip market.</p>

Market Beat

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TENCENT

NVIDIA

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Alibaba

Alibaba Group Holding Limited (NYSE:BABA) Stock Position Decreased by Cohen Capital Management Inc.