Bank Pictet & Cie Asia Ltd. lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,570 shares of the specialty retailer’s stock after selling 730 shares during the quarter. Alibaba Group makes up approximately 2.3% of Bank Pictet & Cie Asia Ltd.’s portfolio, making the stock its 13th largest holding. Bank Pictet & Cie Asia Ltd.’s holdings in Alibaba Group were worth $4,934,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group in the second quarter worth about $102,000. First Eagle Investment Management LLC purchased a new stake in shares of Alibaba Group in the third quarter worth about $104,000. Lee Financial Co lifted its holdings in shares of Alibaba Group by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock worth $113,000 after buying an additional 250 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of Alibaba Group by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group in the second quarter worth about $116,000. Institutional investors own 38.13% of the company’s stock.
Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $174.61 on Monday. The firm has a market cap of $447,203.13, a price-to-earnings ratio of 50.76, a P/E/G ratio of 1.32 and a beta of 2.54. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.75. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.
About Alibaba Group
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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