Bluesphere Advisors LLC Reduces Stake in Alibaba Group Holding Limited $BABA

Key Points

• Bluesphere Advisors LLC has significantly decreased its stake in Alibaba Group, reducing its ownership by 48.7% to 2,959 shares valued at approximately $336,000 as of the latest SEC filing.
• In contrast, several other institutional investors, including Temasek Holdings and American Century Companies, have increased their stakes in Alibaba, highlighting mixed investor sentiment.
• Analysts are optimistic about Alibaba's stock performance, with a consensus rating of "Buy" and a price target averaging $176.06, indicating potential growth in the company's value.

Bluesphere Advisors LLC decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 48.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,959 shares of the specialty retailer's stock after selling 2,804 shares during the period. Bluesphere Advisors LLC's holdings in Alibaba Group were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BABA. Temasek Holdings Private Ltd raised its holdings in shares of Alibaba Group by 23.4% in 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 acquiring an additional 1,045,789 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Alibaba Group by 52.1% in the 1st 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. Causeway Capital Management LLC raised its holdings in shares of Alibaba Group by 42.6% in the 1st 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. WCM Investment Management LLC purchased a new stake in shares of Alibaba Group in the 1st quarter valued at about $4,074,000. Finally, KMG Fiduciary Partners LLC purchased a new stake in shares of Alibaba Group in the 1st quarter valued at about $1,948,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA opened at $179.89 on Tuesday. The stock's 50 day simple moving average is $135.57 and its 200 day simple moving average is $124.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $181.34. The firm has a market cap of $428.88 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.98 and a beta of 0.11.

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent analyst reports. Zacks Research raised Alibaba Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 9th. Citigroup reaffirmed a "buy" rating on shares of Alibaba Group in a report on Wednesday, September 24th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $160.00 price target on shares of Alibaba Group in a report on Saturday, August 30th. Benchmark raised their price objective on Alibaba Group from $176.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, Susquehanna raised their price objective on Alibaba Group from $175.00 to $190.00 and gave the company a "positive" rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $176.06.

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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.