Condor Capital Management lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,241 shares of the specialty retailer’s stock after selling 365 shares during the period. Condor Capital Management’s holdings in Alibaba Group Holding Limited were worth $2,460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BABA. Capital Research Global Investors grew its position in Alibaba Group Holding Limited by 2.2% in the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after acquiring an additional 738,281 shares during the last quarter. FMR LLC grew its position in Alibaba Group Holding Limited by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after acquiring an additional 7,544,165 shares during the last quarter. Jennison Associates LLC grew its position in Alibaba Group Holding Limited by 3.3% in the second quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock valued at $2,881,139,000 after acquiring an additional 661,109 shares during the last quarter. Capital World Investors grew its position in Alibaba Group Holding Limited by 5.7% in the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock valued at $2,852,374,000 after acquiring an additional 1,091,620 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Alibaba Group Holding Limited by 5.4% in the second quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock valued at $1,723,771,000 after acquiring an additional 626,446 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

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Shares of Alibaba Group Holding Limited (NYSE BABA) traded down $1.06 during midday trading on Thursday, reaching $189.84. The company’s stock had a trading volume of 14,417,615 shares, compared to its average volume of 14,922,704. The company has a market cap of $488,924.28, a price-to-earnings ratio of 55.49, a P/E/G ratio of 1.44 and a beta of 2.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.75.

A number of research analysts have issued reports on BABA shares. Macquarie reiterated a “buy” rating and issued a $245.00 target price on shares of Alibaba Group Holding Limited in a research report on Monday, October 16th. They noted that the move was a valuation call. Vetr upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 target price on the stock in a research report on Monday, August 28th. Stifel Nicolaus lifted their target price on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Barclays PLC lifted their target price on Alibaba Group Holding Limited from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. Alibaba Group Holding Limited has a consensus 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.

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

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