Hhlr Advisors LTD. Has $516.72 Million Stake in Alibaba Group Holding Limited $BABA

Key Points

• Hhlr Advisors LTD. has reduced its stake in Alibaba Group by 20% to approximately $516.72 million, making it the firm's second-largest holding.
• Several large investors have recently modified their positions in Alibaba, with institutional ownership now at 13.47% of the company's stock.
• Wall Street analysts have mixed views on Alibaba, with ratings ranging from "buy" to "hold," and a consensus target price of $159.69.

Hhlr Advisors LTD. decreased its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,907,755 shares of the specialty retailer's stock after selling 979,545 shares during the quarter. Alibaba Group comprises 15.0% of Hhlr Advisors LTD.'s portfolio, making the stock its 2nd biggest holding. Hhlr Advisors LTD. owned about 0.16% of Alibaba Group worth $516,722,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of BABA. Metavasi Capital LP purchased a new position in Alibaba Group during the first quarter worth $4,231,000. First Manhattan CO. LLC. purchased a new stake in shares of Alibaba Group in the first quarter valued at $2,714,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Alibaba Group by 50.3% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 3,727 shares of the specialty retailer's stock worth $493,000 after acquiring an additional 1,248 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of Alibaba Group during the 1st quarter worth about $5,593,000. Finally, Retirement Planning Co of New England Inc. boosted its stake in shares of Alibaba Group by 69.2% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 17,445 shares of the specialty retailer's stock worth $2,307,000 after purchasing an additional 7,133 shares during the period. Institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BABA shares. Mizuho reduced their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. UBS Group reiterated a "buy" rating on shares of Alibaba Group in a report on Sunday. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Jefferies Financial Group set a $165.00 price objective on Alibaba Group in a research report on Friday. Finally, Loop Capital set a $176.00 target price on Alibaba Group in a research report on Friday, May 16th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.69.

Alibaba Group Trading Up 13.0%

BABA opened at $135.11 on Monday. 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's fifty day moving average is $117.51 and its two-hundred day moving average is $121.72. The company has a market capitalization of $322.14 billion, a P/E ratio of 15.71, a PEG ratio of 1.99 and a beta of 0.11. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $148.43.

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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