<div id="readability-page-1"><p>Florida Trust Wealth Management Co lowered its stake in  Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 5,607 shares of the specialty retailer's stock after selling 4,464 shares during the quarter. Florida Trust Wealth Management Co's holdings in Alibaba Group were worth $1,002,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>If Emerging Markets Outperform, This Stock Could Lead the Charge</li></ul><p>Other hedge funds and other institutional investors have also recently modified their holdings of the company. Resonant Capital Advisors LLC grew its stake in  Alibaba Group by 20.5% during the third quarter. Resonant Capital Advisors LLC now owns 3,644 shares of the specialty retailer's stock valued at $651,000 after acquiring an additional 619 shares in the last quarter.  Harel Insurance Investments &amp; Financial Services Ltd. boosted its holdings in  Alibaba Group by 31.9% in the 3rd quarter. Harel Insurance Investments &amp; Financial Services Ltd. now owns 4,670 shares of the specialty retailer's stock valued at $833,000 after purchasing an additional 1,130 shares during the period.  Evergreen Capital Management LLC grew its position in shares of  Alibaba Group by 2.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 66,509 shares of the specialty retailer's stock valued at $11,887,000 after purchasing an additional 1,638 shares in the last quarter.  NBT Bank N A NY increased its holdings in shares of  Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 125 shares during the period.  Finally, Sterling Investment Advisors Ltd. purchased a new stake in shares of  Alibaba Group in the third quarter worth $289,000. 13.47% of the stock is currently owned by institutional investors. </p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><h2>Alibaba Group Price Performance</h2><p>Shares of Alibaba Group stock opened at $165.63 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. Alibaba Group Holding Limited has a 52-week low of $83.03 and a 52-week high of $192.67. The company has a fifty day moving average of $155.99 and a 200-day moving average of $148.55. The stock has a market capitalization of $395.43 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 3.53 and a beta of 0.37. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Why Baidu’s Quiet Spin-Off Could Unlock a Major Re-Rating</li></ul><p>Several equities analysts recently commented on the company. Benchmark  restated a &#34;buy&#34; rating and set a $195.00 target price on shares of Alibaba Group in a research report on Tuesday, November 25th. Freedom Capital lowered Alibaba Group from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, January 6th. Loop Capital  set a $140.00 target price on shares of Alibaba Group in a research note on Tuesday, January 6th. Weiss Ratings  reiterated a &#34;buy (b-)&#34; rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Finally, Nomura decreased their price target on shares of Alibaba Group from $215.00 to $193.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, January 12th. Seventeen investment 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 data from MarketBeat.com, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $190.68.</p><p><b>View Our Latest Stock Report on BABA</b></p><h2>Alibaba Group Profile</h2> (Free Report)<ul><li>Can Alibaba’s Big Bets Pay Off After a Breakout Year?</li></ul><p>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.  </p><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>Trump’s AI Secret: 100X Faster Than Nvidia</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>Do not delete, read immediately</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>This is the Exact Moment the AI Boom Will End</li></ul><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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Florida Trust Wealth Management Co reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 44.3% in Q3, according to a recent SEC filing. After selling 4,464 shares, the firm now holds 5,607 shares valued at $1,002,000. Other institutional investors have also adjusted their holdings, with Resonant Capital Advisors increasing its stake by 20.5%. Alibaba's stock opened at $165.63, with a market cap of $395.43 billion and a consensus rating of "Moderate Buy" from analysts.</p>

- Florida Trust Wealth Management Co reduced its stake in Alibaba Group by 44.3%, holding 5,607 shares valued at $1,002,000 after selling 4,464 shares in Q3.  
- Other institutional investors also modified their holdings in Alibaba, with NBT Bank increasing its stake by 231.5% and Resonant Capital Advisors growing its position by 20.5%.  
- Alibaba stock has a market capitalization of $395.43 billion, a moderate buy rating from analysts, and a consensus price target of $190.68, indicating positive market sentiment.

Florida Trust Wealth Management Co Reduces Stake in Alibaba Group Holding Limited $BABA