Alibaba Group Holding Limited $BABA Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC lifted its stake in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the period. Goldman Sachs Group Inc. grew its holdings in Alibaba Group by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Alibaba Group by 85.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock worth $1,131,558,000 after purchasing an additional 3,947,460 shares during the period. Finally, Temasek Holdings Private Ltd lifted its position in Alibaba Group by 23.4% during the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock valued at $728,633,000 after buying an additional 1,045,789 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Down 8.6%

NYSE:BABA opened at $158.76 on Friday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The firm has a market capitalization of $378.50 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.88 and a beta of 0.18. 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 business has a 50 day simple moving average of $146.36 and a 200 day simple moving average of $127.50.

Analyst Ratings Changes

BABA has been the subject of a number of recent research reports. Zacks Research upgraded Alibaba Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 9th. Arete Research upgraded shares of Alibaba Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $245.00 to $240.00 and set an "overweight" rating for the company in a research report on Thursday. Weiss Ratings reissued a "buy (b-)" rating on shares of Alibaba Group in a research report on Wednesday. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Alibaba Group has an average rating of "Buy" and a consensus price target of $188.06.

About Alibaba Group

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.

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