Ameriprise Financial Inc. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,528,535 shares of the specialty retailer’s stock after selling 623,973 shares during the period. Alibaba Group Holding Limited accounts for approximately 0.6% of Ameriprise Financial Inc.’s holdings, making the stock its 28th biggest position. Ameriprise Financial Inc. owned approximately 0.29% of Alibaba Group Holding Limited worth $1,300,314,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. ClariVest Asset Management LLC lifted its stake in shares of Alibaba Group Holding Limited by 10.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 266,986 shares of the specialty retailer’s stock worth $46,111,000 after acquiring an additional 25,108 shares during the period. Hilton Capital Management LLC acquired a new stake in shares of Alibaba Group Holding Limited in the 3rd quarter worth approximately $777,000. Commonwealth Equity Services Inc lifted its stake in shares of Alibaba Group Holding Limited by 9.7% in the 3rd quarter. Commonwealth Equity Services Inc now owns 147,853 shares of the specialty retailer’s stock worth $25,535,000 after acquiring an additional 13,093 shares during the period. Timber Hill LLC acquired a new stake in shares of Alibaba Group Holding Limited in the 3rd quarter worth approximately $593,000. Finally, Ashfield Capital Partners LLC lifted its stake in shares of Alibaba Group Holding Limited by 59.0% in the 3rd quarter. Ashfield Capital Partners LLC now owns 18,168 shares of the specialty retailer’s stock worth $3,138,000 after acquiring an additional 6,743 shares during the period. 37.39% of the stock is owned by institutional investors.

Alibaba Group Holding Limited (NYSE BABA) traded up $1.85 during trading hours on Tuesday, hitting $189.85. 6,566,897 shares of the stock were exchanged, compared to its average volume of 14,903,860. The company has a market cap of $486,410.00, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 1.40 and a beta of 2.60. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.22. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

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BABA has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on shares of Alibaba Group Holding Limited from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $208.00 target price (up from $200.00) on shares of Alibaba Group Holding Limited in a research note on Sunday, August 20th. Zacks Investment Research lowered shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. MKM Partners reissued a “buy” rating and set a $220.00 target price on shares of Alibaba Group Holding Limited in a research note on Monday, October 2nd. Finally, Vetr raised shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $202.18 target price for the company in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $184.45.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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