Modera Wealth Management LLC Cuts Stock Position in Alibaba Group Holding Limited $BABA

Modera Wealth Management LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,112 shares of the specialty retailer’s stock after selling 515 shares during the quarter. Modera Wealth Management LLC’s holdings in Alibaba Group were worth $240,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Temasek Holdings Private Ltd increased its holdings in shares of Alibaba Group by 23.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after purchasing an additional 1,045,789 shares in the last quarter. American Century Companies Inc. grew its holdings in Alibaba Group by 52.1% in the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after purchasing an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. raised its position in Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after acquiring an additional 4,373 shares during the period. Causeway Capital Management LLC raised its position in shares of Alibaba Group by 42.6% during the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after purchasing an additional 404,842 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of Alibaba Group by 53.1% in the first quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock valued at $1,725,000 after acquiring an additional 4,521 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BABA has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Robert W. Baird lifted their target price on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Wednesday, September 3rd. Bank of America upped their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Benchmark raised their price target on Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $190.18.

Alibaba Group Stock Down 0.9%

Alibaba Group stock opened at $166.06 on Monday. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The stock has a market cap of $396.22 billion, a PE ratio of 19.31, a P/E/G ratio of 2.40 and a beta of 0.19. 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 moving average is $165.47 and its two-hundred day moving average is $135.35.

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.