Aperture Investors LLC Sells 3,667 Shares of Alibaba Group Holding Limited $BABA

Key Points

• Aperture Investors LLC reduced its stake in Alibaba Group Holdings by 9.8%, selling 3,667 shares and ending up with 33,864 shares valued at approximately $4,478,000.
• Several other institutional investors, including Accent Capital Management and Greenleaf Trust, also increased their holdings in Alibaba during the first quarter, showcasing ongoing interest from institutional investors.
• Analysts have set new price targets for Alibaba shares, with Barclays lowering their target from $180 to $145, while the consensus target price currently stands at $159.67.

Aperture Investors LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,864 shares of the specialty retailer's stock after selling 3,667 shares during the quarter. Aperture Investors LLC's holdings in Alibaba Group were worth $4,478,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC increased its holdings in shares of Alibaba Group by 5.5% in the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after purchasing an additional 82 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Alibaba Group by 1.0% in the first 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 last quarter. Marcum Wealth LLC increased its holdings in shares of Alibaba Group by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after purchasing an additional 86 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Alibaba Group by 0.5% in the first 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 last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in shares of Alibaba Group by 1.1% in the first 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 last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Down 2.1%

BABA opened at $119.66 on Friday. Alibaba Group Holding Limited has a twelve month low of $80.06 and a twelve month high of $148.43. The company has a 50-day simple moving average of $117.06 and a 200 day simple moving average of $121.53. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $285.36 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.80 and a beta of 0.17.

Analysts Set New Price Targets

Several research firms have commented on BABA. Barclays decreased their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird decreased their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $159.67.

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.

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