Intrinsic Value Partners LLC Sells 1,460 Shares of Alibaba Group Holding Limited $BABA

Intrinsic Value Partners LLC lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 42.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,968 shares of the specialty retailer's stock after selling 1,460 shares during the period. Intrinsic Value Partners LLC's holdings in Alibaba Group were worth $223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC grew its stake in Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock valued at $5,558,646,000 after acquiring an additional 49,010,087 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after acquiring an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alibaba Group by 85.6% during the first 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 valued at $1,131,558,000 after acquiring an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Alibaba Group by 22.6% during 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 acquiring an additional 2,885,154 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Alibaba Group by 43.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Bank of America boosted their price objective on shares of Alibaba Group from $168.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Arete Research raised shares of Alibaba Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Alibaba Group in a research note on Saturday, September 27th. Finally, Susquehanna boosted their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a "positive" rating in a research note on Thursday, September 18th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $181.88.

Alibaba Group Trading Down 0.7%

Shares of BABA opened at $187.94 on Friday. The firm has a market cap of $448.06 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.24 and a beta of 0.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm has a 50 day moving average price of $140.65 and a 200-day moving average price of $126.16.

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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