Alibaba Group Holding Limited $BABA Stock Holdings Cut by Blair William & Co. IL

Blair William & Co. IL reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,987 shares of the specialty retailer’s stock after selling 3,230 shares during the quarter. Blair William & Co. IL’s holdings in Alibaba Group were worth $10,205,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Accent Capital Management LLC lifted its position in shares of Alibaba Group by 5.5% during the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock valued at $209,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust boosted its position in shares of Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after purchasing an additional 85 shares during the period. Principal Securities Inc. boosted its position in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after purchasing an additional 89 shares during the period. Institute for Wealth Management LLC. boosted its position in shares of Alibaba Group by 1.1% in the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock valued at $1,134,000 after purchasing an additional 93 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Alibaba Group by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after purchasing an additional 94 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Nomura lifted their target price on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird lifted their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Zacks Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Citigroup restated a “buy” rating on shares of Alibaba Group in a report on Wednesday, September 24th. Finally, Benchmark increased their target price on Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Alibaba Group has an average rating of “Buy” and an average price target of $188.06.

Alibaba Group Price Performance

NYSE BABA opened at $158.76 on Friday. The stock has a market capitalization of $378.50 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.88 and a beta of 0.18. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a 50 day moving average price of $146.36 and a two-hundred day moving average price of $127.50. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19.

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.