Public Employees Retirement System of Ohio Has $17.83 Million Stock Position in Alibaba Group Holding Limited $BABA

Public Employees Retirement System of Ohio lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,227 shares of the specialty retailer’s stock after selling 9,340 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Alibaba Group were worth $17,831,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BABA. EWG Elevate Inc. grew its position 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 purchasing an additional 98 shares in the last quarter. Ballentine Partners LLC raised its stake in Alibaba Group by 17.5% during the 2nd quarter. Ballentine Partners LLC now owns 17,221 shares of the specialty retailer’s stock valued at $1,953,000 after purchasing an additional 2,570 shares during the period. Mainstream Capital Management LLC boosted its position in shares of Alibaba Group by 15.3% in the second 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 period. Fifth Third Bancorp boosted its position in shares of Alibaba Group by 1.0% in the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock worth $1,109,000 after buying an additional 94 shares during the period. Finally, Eaton Financial Holdings Company LLC purchased a new position in shares of Alibaba Group during the second quarter valued at $899,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.6%

NYSE:BABA opened at $175.42 on Friday. The company has a market capitalization of $418.21 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.17 and a beta of 0.11. The stock’s 50 day moving average price is $133.34 and its 200 day moving average price is $124.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $180.16.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Benchmark increased their price objective on Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Mizuho increased their price target on shares of Alibaba Group from $149.00 to $159.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group increased their target price on shares of Alibaba Group from $165.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $172.81.

Alibaba Group 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.