Alibaba Group Holding Limited $BABA Stake Lessened by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC reduced its stake in Alibaba Group by 14.0% during the second quarter, bringing its total holdings to 26,457 shares valued at approximately $3,018,000.
• Several other institutional investors, including Temasek Holdings and American Century Companies, increased their stakes, highlighting mixed investor sentiment towards Alibaba.
• Analyst ratings for Alibaba show a generally positive outlook, with one analyst giving a strong-buy rating and an average target price of $188.06 per share.

WCM Investment Management LLC cut its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,457 shares of the specialty retailer's stock after selling 4,305 shares during the period. WCM Investment Management LLC's holdings in Alibaba Group were worth $3,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Temasek Holdings Private Ltd boosted its holdings in shares of Alibaba Group by 23.4% in 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 acquiring an additional 1,045,789 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 acquiring an additional 785,494 shares in the last quarter. Verde Servicos Internacionais S.A. boosted its holdings in shares of Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer's stock valued at $7,686,000 after acquiring an additional 4,373 shares in the last quarter. Causeway Capital Management LLC boosted its holdings in shares of Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer's stock valued at $179,305,000 after acquiring an additional 404,842 shares in the last quarter. Finally, Independent Advisor Alliance boosted its holdings 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 currently owned by institutional investors.

Alibaba Group Stock Down 0.5%

Shares of NYSE:BABA opened at $165.07 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $393.54 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.18. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The firm has a 50 day simple moving average of $150.05 and a 200 day simple moving average of $128.42.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BABA shares. Mizuho increased their price objective on shares of Alibaba Group from $149.00 to $159.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. Citigroup restated a "buy" rating on shares of Alibaba Group in a report on Wednesday, September 24th. Susquehanna raised their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a "positive" rating in a report on Thursday, September 18th. Sanford C. Bernstein raised their target price on shares of Alibaba Group from $167.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. Finally, Arete Research upgraded shares of Alibaba Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $188.06.

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.

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