Alibaba Group Holding Limited $BABA Shares Sold by Avaii Wealth Management LLC

Avaii Wealth Management LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 52.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,036 shares of the specialty retailer’s stock after selling 2,219 shares during the quarter. Avaii Wealth Management LLC’s holdings in Alibaba Group were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BABA. Harrell Investment Partners LLC purchased a new position in shares of Alibaba Group in the 2nd quarter worth $367,000. Missouri Trust & Investment Co raised its position in shares of Alibaba Group by 2.9% in the 2nd quarter. Missouri Trust & Investment Co now owns 13,200 shares of the specialty retailer’s stock valued at $1,497,000 after purchasing an additional 375 shares in the last quarter. EWG Elevate Inc. grew its holdings in Alibaba Group by 5.2% during the 2nd quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer’s stock worth $224,000 after acquiring an additional 98 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Alibaba Group by 17.5% during the 2nd quarter. Ballentine Partners LLC now owns 17,221 shares of the specialty retailer’s stock worth $1,953,000 after buying an additional 2,570 shares during the last quarter. Finally, Mainstream Capital Management LLC lifted its position in shares of Alibaba Group by 15.3% in the 2nd quarter. Mainstream Capital Management LLC now owns 7,942 shares of the specialty retailer’s stock worth $901,000 after buying an additional 1,055 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of BABA stock opened at $176.66 on Thursday. The firm has a market cap of $421.16 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 2.00 and a beta of 0.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day simple moving average is $132.17 and its 200 day simple moving average is $124.18. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $180.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $162.00 price target on shares of Alibaba Group in a report on Sunday, August 31st. Robert W. Baird boosted their target price on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Bank of America lifted their target price on shares of Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays lifted their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $172.81.

Alibaba Group Company Profile

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.